1099-NEC

Forum|Forum|1 year ago
February 22, 2025
2 replies
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Hello, I received my first 1099-NEC. I received this as I am apart of a leadership camp. During Covid, a person created their own business and other leadership camp could hire the person and their company to help build up their camp. I and others volunteered to go and they reimbursed us for our plane ticket and for hiring us I suppose to help. I basically received reimbursement. I’m not self employed and I don’t pay anybody. I pay for my ticket and I get my money back for that and money for my volunteer service. Right now, I do not know how to report that as it is saying I owe when I do not think that is correct.

slowreader

If you received a 1099-NEC, I think (and I'm pretty sure the IRS will also think) that you are indeed self-employed. So I would advise you to complete a Schedule C, reporting the 1099 and deducting your authorized meal costs in the slot provided. You can use either the actual costs or the IRS per diem. They go in the 50% slot, so you will probably have a profit. It's Line 26B. More information at 2024 Instructions for Schedule C (2024) | Internal Revenue Service

AmyC

Delete the 1099-NEC you have entered. see How to Delete. Now, I recommend you close the program and clear cache and cookies, but it may not be necessary.

Let's enter the 1099-NEC. Follow these steps:

Open your return to the federal income section.
Locate income from Form 1099-NEC
Start/ Edit/ Revisit/ Review
Select Yes to did you receive NEC
Select add a 1099 -NEC or edit
Enter payer, id, and compensation
Continue
Reason for NEC -reimburse plane ticket or whatever you want
Continue
Uncommon Situation - select not money as employee or self-employed. Sporadic activity
Continue
Done