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Question about Contract Work
Hi,
I'm an attorney and I drafted a few contracts in 2021 on an independent contractor basis. Two were for less than $600 and one was for $750, split into two ($375 up front and $375 upon completion). Regarding the latter, I was paid the first $375 in December 2021 and haven't yet been paid the remaining $375 as we're still finalizing that contract. Am I correct that I'd report all of these as other income on line 8 of my 1040 (specifically from line 8(z) on Schedule 1), and I wouldn't have to file a Schedule C?
Best,
Steven
‎April 14, 2022
12:07 PM