I will receive a 1099 NEC for my review of various products throughout the year. I am not compensated for my reviews but I can keep the products that I review. The value of all of the products will be recorded on line 1 of the 1099 NEC form. I only write reviews, do not own a business or receive any money for writing the reviews. Can I record this as other income on my 1040 or so I need to file a schedule c?
You'll need to sign in or create an account to connect with an expert.
Common question. The IRS considers the total of the factors in each situation and has some good material on their website. TurboTax has a discussion here. You must decide what you are comfortable with after you educate yourself.
correct is that you are compensated just not in cash. it's the value of the items you get to keep. this doesn't mean you have a business.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
cherrymcfarlin
New Member
rsoltas
New Member
toni-ann-rendoni
New Member
thewittigs1
New Member
elbeth74
New Member