1099 NEC

Forum|Forum|1 year ago
March 19, 2025
1 reply
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HI,

While I was on unemployment. I got 1099 NEC form without any knowledge about it from the person that sometimes she was teaching me her business and I was helping her in some ways. she paid me later and she told me it was a gift from her to me, however she was reported the gift against her business's cost! Now I am wondering when I am filling my tax report should I 1099 NEC as part of my income? If I report it to IRS will Unemployment notify that ?

Ask the Experts - Changes II - Mar 2025

LindaS5247

Level 14

If she filed the Form 1099-NEC with the IRS you should probably report that income as part of your income. I don't know if the IRS will report it to unemployment as unemployment comes from your State. You could ask your local unemployment office if it will affect your benefit as a general question.

To enter your Form 1099-NEC in TurboTax:

Open or continue your return.
Click on the search icon in the upper right of your TurboTax screen
Type "1099-NEC" in your search box
Click on the link "Jump to 1099-NEC"
Follow the onscreen instructions.
When you're done, we'll ask you a few questions and help you through entering any expenses you may have so that you can reduce your taxable income.