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First document I entered was the 1099-NEC I received from Amazon as a part of their Vine program. The listed amount was about $1,100. At the time TurboTax was showing a refund due from Federal. When I entered the 1099-NEC, the refund amount went down. Calculating the effective tax rate from that one action, the 1099-NEC is being taxed at an ...
You are correct. Amazon does not decide if this is hobby income or self employment income. According to them, and based on your comments, you received product for your service as a reviewer, which is income to you. You can decide if it is hobby or business income.
The majority of my income comes from books I sell on Amazon, and that income is reported to me on a 1099-MISC from Amazon. Earlier this year, I was invited to join Amazon’s Vine Program which if you’re unfamiliar, is a group of people who receive items free of charge in exchange for providing comprehensive and honest reviews.
Amazon Vine receiving less than $600/$400. Hello, I hope someone can help me with this as I’ve seen a great deal of conjecture on the internet with no hard facts. I’m a new Amazon Vine reviewer and have received $280 worth of goods for review this year. This amount *will not* trigger any 1099 forms from Amazon, but I understand I am still ...
Following the IRS instructions I want to report my Amazon Vine 1099-NEC income on Schedule 1 Part I Line 8j and report adjustments on Schedule 1 Part II line 24z. Income would be the value of the products provided to me and reported by Amazon on my 1099-NEC.
Self-employed amazon vine. I am fully self-employed, online therapist. I also review products of an online retailer who will send me a 1099 for estimated tax value of products received, as non-cash income. Should this be filed as misc, other, or business income since I already file schedule C as sole proprietor. TurboTax Self Employed Online.
I started participating in the Amazon Vine product evaluation program this year. Next year I will receive a 1099-NEC for the estimated tax value of the products reviewed. I expect it to be around $2,000. I am retired with no other earn income, just pension and social security, and I am not old enou...
Amazon Vine review program deductions possible? This has come across my mind having been in vine about 1.5 years now. I understand and get the tax part to a degree as it counts as income though to me it is more of a sale thing than income. I like the program and see value to it an many ways, but i also get tired of it too. My main dislike is I get item A and try it some time alter item B comes ...
I am in Amazon's Vine program were they send products out to customers to have them reviewed. I am a Vine customer. I don't pay for these Vine products. They are sent so that I can review them. They are officially mine after 6 months. Amazon sent out a 1099-MISC form with the 6 month depreciated val...
I would take caution in becoming an Amazon Vine Reviewer. I have been one for 2 yrs now and this is the first year I ever received a 1099-MISC. They claim I have received over 17k in merchandise and having to claim this on my taxes now is requiring me to owe taxes this year.