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April 16, 2024
Question

Can I remove schedule c from 1099nec income?

  • April 16, 2024
  • 1 reply
  • 0 views
I'm trying to finish my return with 1099nec income and I'm stumped with schedule c. I have no deductions, do I have to file it?

1 reply

April 16, 2024

the 1099-NEC must be linked to some form or line on the return. if it's from a business it must be linked to Schedule C  because you will also owe self-employment taxes if over $400.  if it's from a a hobby or a one-time transaction it's linked to schedule 1 other income.