- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
After you file
Yes,
Income on a 1099-NEC COULD be miscellaneous income and entered as personal income, Schedule 1 line 8
(although that's why the IRS brought back the 1099-NEC Non-Employee Compensation, so it was clear that this was reporting Self-Employment income)
but you said it was Self-Employment income.
As such, it is reported on Schedule C and flows to Schedule 1 line 3.
The main concern is that when earned income is reported on a W-2, the Employer withheld and paid the Employee's FICA (Social Security) tax.
When you are Self-Employed, YOU pay that FICA tax by way of the 1040.
Therefore, although your income may be below the Standard Deduction, you will still need to pay that Self-Employment tax.
You do NOT report the income on Schedule C and then again anywhere else on your return.
**Mark the post that answers your question by clicking on "Mark as Best Answer"