Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Feb 11, 2025 9:49:54 AM

What form should I use to report 1099NEC from logging harvest from my land by a logging company?

Income is from the sale of the logs to a mill.

0 1 846
1 Best answer
Expert Alumni
Feb 11, 2025 10:05:19 AM

It depends.  If you are not in the business of selling logs and this was a 'one time' event you can report it as 'Other Income'.  Keep records and your 1099-NEC, with your tax files, should you need it later.

Other Miscellaneous Income:

  1. Sign into your TurboTax Online account
  2. Go to Tax Home (left panel)  Wages and Income  section 
  3. Scroll to  Less Common Income > Select  Miscellaneous Income, 1099-A, 1099-C
  4. Select Other reportable Income > Enter a description (----) and the amount

If on the other hand you are in the business of selling logs, then you should report your income using the steps for self employment in the link.

Screen image if you use Other income.

    

1 Replies
Expert Alumni
Feb 11, 2025 10:05:19 AM

It depends.  If you are not in the business of selling logs and this was a 'one time' event you can report it as 'Other Income'.  Keep records and your 1099-NEC, with your tax files, should you need it later.

Other Miscellaneous Income:

  1. Sign into your TurboTax Online account
  2. Go to Tax Home (left panel)  Wages and Income  section 
  3. Scroll to  Less Common Income > Select  Miscellaneous Income, 1099-A, 1099-C
  4. Select Other reportable Income > Enter a description (----) and the amount

If on the other hand you are in the business of selling logs, then you should report your income using the steps for self employment in the link.

Screen image if you use Other income.