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Get your taxes done using TurboTax
Working for Favor as a Contract Worker makes you Self-Employed.
You would claim the income on Schedule C.
Report it the same as cash since you do not have a 1099-K although you should really be issued a 1099-NEC (Non-Employee Compensation) and they should have issued a 1099-NEC to you if you made more than $600.
A 1099-K is issued when money passes through an online merchant, like E-bay.
If you performed a service for Favor, you should get a 1099-NEC for what you earned, similar to a Uber Driver.
If you "work for" someone, you are an employee and should get a W-2.
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March 18, 2023
8:46 PM