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February 14, 2021
Question

I'm a freelance musician, I received only 1 1099NEC in '20 for $600 due to Covid do I have to buy the upgrade, I'll survive not itemizing I just want to report income.

  • February 14, 2021
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1 reply

February 14, 2021

A 1099NEC is for self employment income. You will report your income and expenses on Schedule C.

 

You can enter Self Employment Income into Online Deluxe or Premier but if you want to deduct any work-related expenses you will have to upgrade to the Self Employed version. Work-related expenses reduce your taxes by lowering the amount of self-employment income you get taxed on.

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