1099 NEC

Forum|Forum|1 year ago
March 29, 2025
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Will it be an issue with IRS if you report it as Other Income since they have a copy of 1099 NEC from the payer?

Not A Product Question

Best answer by MayaD

Ok thank you! Just verifying one more time, I would enter that income under Other income ( awards, etc) and not through the 1099 NEC portion. It will show on 1040 line 8 and schedule 1 line 8z.

Correct.

In the income section, scroll down to Miscellaneous Income, 1099-A, 1099-C under Less Common Income.
On the following screen scroll down to Other Reportable Income.
Enter The description and amount

The amount will show as other income on Schedule 1 Line 8z

AnnetteB6

As long as the income reported on the Form 1099-NEC does not represent self-employment income, but is some other form of taxable income, then it can be listed as Other Income. That way, the IRS can see that the income has been reported on your return.

If it represents self-employment income it should be reported on Schedule C so that self-employment tax can be included if applicable.

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Vivianlorenzo9Author

Last year I reported 1099 NEC as self employment income because I didn't know how to report it as Other income, ended up with schedule C and paid SE tax. Should I amend my 2023 tax return to correct that mistake before filing my 2024 tax return?

DaveF1006

Yes, you should amend your 2023 return, but it isn't necessary to amend before filing your 2024 return because the amendment will take a minimum of 6-8 weeks to process.

@Vivianlorenzo9

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