Question

1099-NEC Dilemma

Forum|Forum|4 years ago
February 26, 2022
1 reply
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Last year I was offered an opportunity to work as an independent contractor for a company who needed a delivery driver to stock stores with their product. After working there a week as a ride along the company decided that it would not be a good fit. They paid me a week's pay ($750) and we mutually separated. I received a 1099-NEC in the mail and while filing my taxes I am being asked all sorts of questions that I do not have answers for on the Schedule C form.

Business Code?

Accounting Methods?

Inventory questions?

Sales of products and services?

What in the world am I supposed to do here? I was a ride along for four days in a delivery truck watching someone stock some shelves.

You can use the following data for your Schedule C:

Business Code: 492000
Accounting Method: Cash
Inventory: None
Sales of products and services: None

To get back to your Schedule C to edit the above details and input your 1099-NEC, please follow the instructions below:

Open your return.
Search Schedule C.
Click on the Jump to link.
Click Edit next to your Line of Work.
Click Edit next to General Info on the page Here's your info
Click Looks Good.
Skip Square import.
Choose Form 1099-NEC on the page Let's enter the income for your work.
Enter your 1099-NEC information.
Follow the on-screen instructions.

[Edited 2/26/2022 l 11:26AM PST]

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