Question

Do I need to create a "business" to file a 1099-NEC? I'm considered self employed because I worked for company for one week in 2022.

Forum|Forum|3 years ago
February 1, 2023
1 reply
0 views

I worked for a family member and was sent a 1099-NEC. While filling out the information for the NEC, there were spots for me to add information for "my business" but unsure how to add information that doesn't exist.

TurboTax Deluxe Online

CatinaT1

You are a business in the IRS's eyes.

You do not have to carry on regular full-time business activities to be considered self-employed. This is non-employee compensation. You were contracted to do a job, not employed to do a job. You will need to file a Schedule C for Business Income and Expenses and pay Self-Employment tax on this income.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"