Question

I worked for a company who gave me a 1099 NEC and don't know how to file the taxes for it would love some help

Forum|Forum|2 years ago
February 10, 2024
1 reply
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I worked for AK expeditions in Chitna ak they paid me $3,151.52 I left and they sent me a 1099 NEC now TurboTax is telling me that I own the business when I did not I worked for someone who did how do I fix this

TurboTax Deluxe Online

VolvoGirl

A 1099NEC is for self employment income. Yes you are the owner of your own self employment business. You are in business for yourself. Use your own info. The people or company that pays you is your customer or client. You need to fill out schedule C for self employment business income. You are considered to have your own business for it. YOU are the business.

To report your self employment income you will fill out schedule C in your personal 1040 tax return and pay SE self employment Tax. Here's a Schedule C https://www.irs.gov/pub/irs-pdf/f1040sc.pdf

You can enter Self Employment Income into Online Deluxe but if you have any expenses you will have to upgrade to Premium or use any of the Desktop CD/Download programs.

How to enter self employment income

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