Question

I received a 1099-NEC for work that I do on a farm. I do not have a business or own the business I got the 1099 from. Why does turbo Tax treat it like I own a business?

Forum|Forum|1 year ago
February 2, 2025
1 reply
0 views

I am a college student working very part time only making $6534 this year and paid $5940 in college tuition. I am confused why it thinks I have a business.

X

xmasbaby0

As far as the IRS is concerned you were an independent contractor---working for yourself -- no Social Security or Medicare was withheld from your pay so you have to pay self-employment tax for those. Even if you only made $400 you would be required to file a tax return and pay SE tax. Other self-employed college students who deliver for UberEats, Instacart, etc. find themselves in the same situation.

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-self-employment-business-expenses-like-home/L1k6HJY4A_U

https://ttlc.intuit.com/community/business-taxes/discussion/self-employed-don-t-miss-these-tax-moves/00/3400413

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**