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1099_NEC

Hello 

We received a 1099 NEC from a company that provides money if you use certain health care providers that are seen as cost effective on your insurance plan.  I am trying to enter the 1099NEC and it is having me fill out self employment forms for this rebate.  Is there something else I should be doing with this?  It doesn't seem correct that it would be considered a self employment business expense.

Thank you! 

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2 Replies
DawnC
Expert Alumni

1099_NEC

Who is the issuer?   1099-NEC are generally for self-employment income only.   Is it a 1099-MISC, maybe?      The first screen asks what type of income the 1099-NEC is for.   The Hobby option will report the income as Other income instead of business income, but you will need to delete the Schedule that was already erroneously started.    Enter 1099-NEC

 

1099nc options.png

 

 

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1099_NEC

Thank you for the confirmation.  The insurer issued the 1099 NEC, I agree that it should have been MISC. but I will list this under hobby on the NEC.

Thank you! 

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