Question

!099 NEC and Schedule C

Forum|Forum|3 years ago
February 3, 2023
1 reply
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I am retired (since 2019 and collecting Social Security) but last year was contacted by a previous client to provide a training program that I had done for them in the past. I did the training (which required travel) and was paid on a 1099-NEC. This is probably a one off event and won't happen going forward. TurboTax Premier wants to treat this as self employed and complete a Schedule C. Is this the right way to do this as I am not looking to be an "ongoing concern".

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GeorgeM777

No, based on the information you provided, this appears to be "other income," and not self-employment income. To enter other income in TurboTax online, click on Wages & Income, scroll down the page to Less common income, click on the drop-down arrow and select Miscellaneous Income. From the list select Other reportable income and respond to the questions on the screens that follow.

@phil106

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P

phil106Author

Thanks for your prompt response. If I have some travel expenses associated with this income (getting to the client to deliver the class) is there still a way to deduct them using the income approach you described.

AliciaP1

No, if you want to use the travel expenses to offset the income, then you need to report both on a Schedule C. You can have a Schedule C for one year only and not create a flag with the IRS.

@phil106

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