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mmfon25
Level 2
February 10, 2025
Question

1099-NEC

  • February 10, 2025
  • 1 reply
  • 3 views

how to report1099 nec if it given after receiving a reimbursement for a license payment. this is not a source of income (main at least). nor self employment situation

 

1 reply

M
MinhT1
Level 15
February 10, 2025

If you receive a form 1099-NEC for a reimbursement of a license payment, then you are not considered as self-employed and do not need to file a Schedule C.

 

Enter your form 1099-NEC by following the instructions in this TurboTax Help article.

 

In the follow-up interview, on the page titled What type of income is on your 1099-NEC? reply that it is a Hobby.

 

The income will be reported as Other Income. There is no self-employment tax.

 

@mmfon25  I have edited my answer.

 

[Edited 02/10/25 | 9:04 AM PST]

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M
mmfon25Author
Level 2
February 10, 2025

hi, i received 1099-NEC not MISC

M
MinhT1
Level 15
February 10, 2025

 

In the interview after the 1099-NEC entry, say that it was a hobby, and the amount will be reported as Other income. There is no self-employment tax.

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