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April 2, 2025
Question

How to report 1099-NEC as a non-business income

  • April 2, 2025
  • 1 reply
  • 0 views

I received 1099-NEC for the best paper presentation prize($1000) in a medical conference. How should I report it in TurboTax. It is not a hobby, nor any business income but TurboTax is prompting me to mention the business details. Should I just select this income as part of "sporadic activity or hobby"?

    1 reply

    April 2, 2025

    Yes.

     

    You can characterize this as a sporadic activity or hobby, and the income will be report as Other income.

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