I received a 1099-NEC from Amazon for Amazon Vine reviews. This is not compensation and I reported as hobby income, but the tax return simply says "Nonemployee compensation from 1099-NEC Income" on Schedule 1. Turbotax online version does not provide an option to select “This is not money earned as an employee or self-employed individual, it is from a sporadic activity or hobby". How do I specify Amazon Vine review 1099-NEC as a hobby? I don't want the IRS to confuse with as income.
You'll need to sign in or create an account to connect with an expert.
Don't enter it as a 1099-NEC. Delete that entry and then scroll all the way down to the bottom of the 'Wages and Income' section to 'Miscellaneous Income.' Once you click on that click on 'Hobby Income and Expenses' on the next screen and enter the information there.
Don't enter it as a 1099-NEC. Delete that entry and then scroll all the way down to the bottom of the 'Wages and Income' section to 'Miscellaneous Income.' Once you click on that click on 'Hobby Income and Expenses' on the next screen and enter the information there.
That worked. Thank you for your help. 🙂
Are we sure this is the best way to go about it? I'm not an expert, just want to avoid raising any flags on my return. Last year I filed my vine income as 1099-NEC Self Employment with no expenses. Is it better to do it as a hobby? I heard filing as a hobby causes the IRS to take a closer look at your returns.
There are no hobby deductions allowed currently so that is a safe way to sail through if you are not a steady - profitable every year -business. I would recommend you enter it as an NEC since the IRS saw that on your return last year. You can continue the business or switch to hobby.
To enter it as a hobby, follow these steps:
I will try this, thanks Amy!
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
plee4277
Level 1
TamJim1
Level 1
mynameismynameandonlymyname
Level 2
gardner_official
Level 2
T-W-S
Level 2