1099 NEC

Forum|Forum|3 years ago
January 19, 2023
1 reply
12 views

I received a 1099-NEC for a Christmas bonus, I'm not under their payroll but because I do work for someone else in the same building they gave everyone a Christmas bonus. Now I'm filing my taxes and its telling I need to create a business to report it under Schedule C. This was not business related just a Christmas bonus? Please help.

TurboTax Home & Biz Windows

DoninGA

Level 15

To enter a Form 1099-NEC that is not for self-employment -

Click on Federal (Personal using Home & Business)
Click on Wages & Income (Personal Income using Home & Business)
Scroll down to 1099-MISC and Other Common Income
On Income from Form 1099-NEC, click the start or update button

Or enter 1099-nec in the Search box located in the upper right of the program screen. Click on Jump to 1099-nec

On the screen Did you get a 1099-NEC?, click on Yes
On the screen Do You Want to Enter Your 1099-NECs Now?, click on Add a 1099-NEC
On the screen Let's get the info from your 1099-NEC, enter your information and Continue
On the screen Describe the reason for this 1099-NEC, enter a reason and Continue
On the screen Does one of these uncommon situations apply? -

Select This is not money earned as an employee or self-employed individual, it is from a sporadic activity or hobby and Continue

This will enter the income on Schedule 1 Line 8z. The total from Schedule 1 Line 10 flows to Form 1040 Line 8 as ordinary income.