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Get your taxes done using TurboTax
You are correct. Income reported on a 1099-NEC is inherently self-employment income and subject to Self-employment taxes.
According to the IRS payments for services performed are NEC. Below is extracted from the 1099-NEC instructions.
What is NEC?
If the following four conditions are met, you must generally report a payment as NEC.
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You made the payment to someone who is not your employee.
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You made the payment for services in the course of your trade or business (including government agencies and nonprofit organizations).
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You made the payment to an individual, partnership, estate, or, in some cases, a corporation.
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You made payments to the payee of at least $600 during the year.
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March 16, 2021
11:27 AM
2,286 Views