PatriciaV
Expert Alumni

Get your taxes done using TurboTax

You are correct. Generally, nonemployee compensation reported in box 1, Form 1099-NEC is subject to self-employment (SE) tax.

 

And the IRS specifically mentions Director's fees in the Instructions for Forms 1099-MISC and 1099-NEC:

 

Directors' fees.

You must report directors' fees and other remuneration, including payments made after retirement, on Form 1099-NEC in the year paid. Report them in box 1.

 

Other income would apply if the payment was a reimbursement of expenses.

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