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Reporting IRS form 1099-NEC income as something other than Schedule C income is not common.
To report an IRS form 1099-NEC as other income, follow these steps:
The entry will be reported:
When you enter the Form 1099-NEC, on the page that says Does one of these uncommon situations apply? choose the option that says This is not money earned as an employee or self-employed person...
Then the income will show as "Other Income" on your tax return.
When I click on "Add a 1099-NEC" it asks what kind of income it is. My choices are:
Reporting IRS form 1099-NEC income as something other than Schedule C income is not common.
To report an IRS form 1099-NEC as other income, follow these steps:
The entry will be reported:
Thank you so much for your help! Your step by step instructions were fantastic. Thanks so much!!
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