1099-NEC

[mmfon25]

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

[MinhT1]

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]

[mmfon25]

hi, i received 1099-NEC not MISC

[MinhT1]

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.