- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1099 NEC Entry Payment from Lawsuit
I received a payment from a lawsuit. The company sued sent me a 1099 NEC form, with box 1 filled in with an amount, labeled nonemployee compensation. The lawyer sent me a 1099 MISC form. The company sued did not pay me directly they paid the lawyer, who in turn paid me. How do I zero out the 1099 NEC so I am not getting double taxed on it?
Topics:
March 17, 2021
11:57 AM