1099 NEC

[WESTERNSKY]

Two companies asked me to write reviews for products that they sell. In exchange for these reviews, they allow me to keep the product such as clothes, household goods etc.  I file a joint return and my wife, and I are both retired.   I do not receive any money for this, just the goods they send to me.

From the drop-down list in TurboTax, I have selected "This is not money earned as an employee or self-employed individual, it is from a sporadic activity or hobby (this is not common).

Is this selection (This is not money earned as an employee or self-employed individual, it is from a sporadic activity or hobby (this is not common) allowable as I DO NOT receive money as an employee, and it is sporadic?  I have read previous posts, on this subject but still remain unclear.  Thanks

[Bsch4477]

Your approach is reasonable. 

[PattiF]

As DianeW explains, this would be considered a hobby, and the selection of a hobby is appropriate and allowable.

"Yes.  If this is not a business, you are not engaged in the activity for a profit-seeking venture and you consider it a hobby then you can treat it and list it as a hobby.  As a hobby, any expenses involved with it would be used on itemized deductions if you can use that.  These expenses would be subject to a 2% reduction of the adjusted gross income (AGI) and only the excess would be added to your other itemized deductions."

@WESTERNSKY 

[WESTERNSKY]

Thank you for the replies and information.