I just got a 1099 misc from amazon vine but Im not self employed, its a hobby. I get a w-2 from my job. Can I use the deluxe version to enter 1099 misc expenses?
I just got a 1099 misc from amazon vine but Im not self employed, its a hobby. I get a w-2 from my job. Can I use the deluxe version to enter 1099 misc expenses?
It depends if you intend to make money from this because in essence, you are a contractor of Amazon. Here are nine guidelines that the IRS suggests that will help you decide whether to claim this as hobby or business income. If you determine you meet the criteria for this to be reported as hobby income, here is how to report.
Sign in to your TurboTax account.
Click on Federal Taxes tab.
Choose Wages and Income.
Scroll down to Less Common Income and click Start to to right of Miscellaneous Income, 1099-A, 1099-C.
Click Start to right of Hobby income and expenses
You may do this in Turbo Tax Deluxe.
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