"I work in NY and received a 1099-NEC for tax year 2020 as a sign on bonus for a job I am taking in NC in tax year 2021".
What does that mean"?
1. The company you worked for, in NY, and issued you a W-2 in 2020, wants you to work in NC next year and paid you a bonus in 2020, but reported it on a 1099-NEC instead of your W-2?
2. You will start work for a new company in 2021, in NC, and they will pay you a salary and issue a W-2 for 2021 but paid you a bonus in 2020 for agreeing to do so? And reported the bonus on a !099-NEC.
3. Something else? Please explain.
If #2, you have self employment income and must file a Schedule C and Schedule SE.
If #1, there's a different way to report it.
