Question

What happens if you are issued hey 1099-nec and it should have been a 1099 miscellaneous free gifts?

Forum|Forum|4 years ago
March 18, 2022
1 reply
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Part of Wayfair LLC promotional giveaway called tried-and-true, received a 1099 miscellaneous for free merchandise wholesale value last year this year received a 1099 NEC with the amount value of the furniture I received in box 1 this cannot be correct I am not self-employed. I have tried in vain to contact Wayfair. Do I file the NEC and hope for the best?

TurboTax Deluxe Online

DaveF1006

Yes, but allow me to list the proper steps for you to claim this as other income and not self-employment.

Go to federal>income and expenses>all income>>show more
Other common income> Start
Form 1099-NEC,>start
After entering the 1099NEC, it will ask the reason for it, give a reason that's not business related.
Does one of these uncommon situations apply say This is not money earned as an employee or self-employed individual, it is from a sporadic activity or hobby (this is not common).
This will report as other income on line 8Z in Schedule 1 and not as self employed income.

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