Question
Tamra made extra money assisting a friend with her business, and the following January received Form 1099-NEC. She did not have any expenses related to this income. What schedules should be used to report it on her tax return?
(4 Points)
A. No schedules, only need Form 1040
B. Only Schedule C
C. This does not need to be reported.
D. Schedules C and SE
(4 Points)
A. No schedules, only need Form 1040
B. Only Schedule C
C. This does not need to be reported.
D. Schedules C and SE
Answers
GPT 3.5
B. Only Schedule C