1099 NEC

Forum|Forum|3 years ago
January 3, 2023
1 reply
5 views

I am an Amazon Vine member and get free items in exchange for honest reviews. I purposely kept the amount of goods low last year until I know exactly how it will impact my taxes. I have now done my 2022 taxes and according to my paid TurboTax software, I pay $0 additional taxes until my 1099NEC amount is over $20,000. It is seemingly impossible for me to have entered this information incorrectly so is it possible that TurboTax has a problem with their calculations? I am claiming my 1099NEC as sporadic activity / hobby income.

Anonymous_

Level 15

Did you actually enter the figure (if so, where) or did you use the import feature?

SoManyFormsAuthor

Level 2

I manually entered various amounts into Box 1 - Nonemployee compensation. I listed "Product Review" as the reason. Finally, I checked the uncommon situation of hobby income.

I have NOT yet entered the payer's Federal ID number. I cant imagine that would impact the calculation, but thought I should mention