1099-NEC

3 replies
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I have an online tutor with a company and I get a 1099-NEC. Do need to put information of the business information or just ignore it? I do not own this business. I work through a company.

VolvoGirl

Level 15

A 1099NEC is for self employment income. Yes you are the owner of your own self employment business. You are in business for yourself. Use your own info. The people or company that pays you is your customer or client. You need to fill out schedule C for self employment business income. You are considered to have your own business for it. YOU are the business.

To report your self employment income you will fill out schedule C in your personal 1040 tax return and pay SE self employment Tax. Here's a Schedule C https://www.irs.gov/pub/irs-pdf/f1040sc.pdf

You can enter Self Employment Income into Online Deluxe but if you have any expenses you will have to upgrade to Premium or use any of the Desktop CD/Download programs.

How to enter self employment income

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

belovedxiaomin20Author

Level 2

So I am going to put the business information with my personal information? Should the business name be online tutoring? How about business code? Do I need to fill all the information they required?