Been going through the posts regarding adjusting the etv (estimated tax value) and 1099nec that Amazon sends us for reviewing products. We make no money off this by simply reviewing, but we're still sent a 10099nec due to the bartering we're doing. I've seen some articles answering this question saying: 1. The 1099 NEC…
Hi Tax Experts, I’m looking for clarification on how to handle the Amazon Vine program for my tax return. Participants receive products in exchange for reviews, and I’ve received a 1099 form for the fair market value of the items. The confusion lies in how to classify this activity: Is it considered a hobby or something…
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…
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