where do you report 1099 nec income

[lap]

income from board of directors

[CesarJ]

Income received from serving on a board of directors is typically classified as self-employment income. Therefore, you must report this income within the self-employment section of TurboTax.

To enter your Form 1099-NEC in TurboTax, follow these steps:

1. Go to the Wages & Income section.

2. Find the area for 1099-MISC and Other Common Income.

3. Select Start or Update next to Income from Form 1099-NEC.

4. Follow the on-screen instructions to enter your details.

This process also helps you enter any business expenses related to this income to potentially reduce your taxable income.