Amazon Vine 1099-NEC reporting
Based on my research and reports from those who have received and reported the Amazon Vine 1099-NEC in past years, the "income" from participating in the Amazon Vine program can be reported on Schedule A, Line 8 (Additional Income and Adjustments to Income).
How and where would I do this on FreeTaxUSA? This is my first year in the Amazon Vine program, so I do not yet have the 1099-NEC information from Amazon to enter on FreeTaxUSA but do have $ amount.
Comments
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If you're referring to Form 1040, Schedule A is for Itemized Deductions, not income.
There is a screen in FreeTaxUSA where you can enter your 1099-NEC income. However, be aware that it might require you to create a Schedule C as a self-employed individual. This would give rise to self-employment tax.
I think there's still some debate about whether or not Vine income is considered self-employment or just miscellaneous income that would normally be reported on a 1099-MISC.) You may want to research that before preparing your tax return.
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Looking for answers about filing income for Amazon Vine free products.
Are there "Tax experts" as suggested in the email I received who know the correct way to enter this information? What form?
This is my first year and I don't want to enter it incorrectly on my tax forms, especially if it means I would be paying more taxes than I should pay as I'm a senior citizen with limited income.
Thank you for your help.
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Hello,
If the money from Amazon Vine is to be considered as Other Income (and not self-employment income) you can follow these steps as you complete your return. Please note that income reported on a 1099-NEC is generally treated as self-employment income by the IRS:
- Click Income TAB > Other Income > click yes on Miscellaneous Income
- Enter 1099-NEC Amazon Vine in the description and enter the amount.
- Click Save and Continue at the bottom.
Reporting 1099-NEC income as other income instead of self-employment income will likely result in a letter from the IRS. If and when a letter comes, I would use anything from Amazon that states the income can be claimed as other income, and explain the circumstances of your participation in the Amazon Vine program.
Let me know if this answers your question.
Thanks for using the FreeTaxUSA community
PhillipB, Tax Pro Agent, FreeTaxUSA
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What would be the difference with this method versus filling it as Hobby income?
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None. You will need to report 100% of the 1099 income and there would be no deductions available - same as hobby income.