MinhT1
Expert Alumni

Get your taxes done using TurboTax

You are acting as your friend's sub-contractor.

 

Your friend has to issue a form 1099-NEC and has to file that form with the IRS. He can then deduct the amount he paid you as his business expense as Payment to contractors.

 

As for you, you'll need to report the form 1099-NEC as Self-employed income. If you have expenses, you can deduct them against that income.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"