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Level 2
April 13, 2026
Question

1099_NEC

  • April 13, 2026
  • 1 reply
  • 3 views

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! 

    1 reply

    DawnC
    Level 15
    April 13, 2026

    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

     

     

     

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    Level 2
    April 14, 2026

    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!