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briggsero
New Member

1099 NEC

Do I include compensation reported on 1099 NEC for my business on Schedule C, or do I reduce my business income by that amount?

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2 Replies
ColeenD3
Expert Alumni

1099 NEC

This is income you earned as a self-employed individual. It must be reported on Schedule C.

 

  1. Open or continue your return
  2. Search for schedule c and click the Jump to link in the search results
  3. Answer Yes to Did you have any self-employment income or expenses?
    • If you've already entered self-employment work and need to enter more, select Add another line of work
  4. Follow the onscreen instructions
briggsero
New Member

1099 NEC

Thank you for the response.  

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