What is 1099-NEC nonemployee compensation?
Form 1099-NEC is issued instead of a W-2 when the payer does not consider you an employee and therefore does not withhold income tax or Social Security and Medicare taxes.
Examples of payments reported on this form may include professional service fees, commissions, travel reimbursements, or exchanges of services between individuals in the course of business.
If the payments shown are self-employment income, they should be reported on Schedule C, Schedule F, or Form 4835. You can tell us where you'd like to report it on the screen after entering your 1099-NEC.
Am I Self-Employed?
Examples of payments reported on this form may include professional service fees, commissions, travel reimbursements, or exchanges of services between individuals in the course of business.
If the payments shown are self-employment income, they should be reported on Schedule C, Schedule F, or Form 4835. You can tell us where you'd like to report it on the screen after entering your 1099-NEC.
Am I Self-Employed?
