turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Received 1099 NEC for a internship required for college. The 5 choices don't apply. Where can I indicate that its uncommon income?

Choices in TT are Self employment income; Farm income; Hobby; Lawsuit settlement' Medicare waiver; Income that should've been reported on W2. None of these take into account this was a graduation requirement and should not be taxable.
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Vanessa A
Expert Alumni

Received 1099 NEC for a internship required for college. The 5 choices don't apply. Where can I indicate that its uncommon income?

The fact that it was a graduation requirement and you received income does not affect the taxability of the income.  Since you were paid for your work, it is taxable income. 

 

The taxability of the income is affected by how the person paying you treated you, whether it was as an employee or as a subcontractor. Since they sent you a 1099-NEC, it seems they chose to treat you as a subcontractor. This means you would be subject to SE taxes . If you should have been an employee instead, then you would select income should have been reported on a W2. 

 

Independent contractor (self-employed) or employee?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies