Re: Question about 1040

I am fulling out my 1040 because I worked on a 1099-NEC. It is asking me for my accounting method, which one should I choose. There is Cash, Accrual, and other. I used my 1099 for COVID disaster relief.

posted

Most taxpayers use Cash Method accounting. If you would use anything different, if you did not set up anything else, the default is cash.

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Where to add my 1099 NEC? When I navigate to the self-employment section, the questions make it sound like I own this business, which I do not.

in Self employed

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