It depends on why you received the Form 1099-NEC.
If it was for services or work you performed for someone as an independent contractor, then you do need to amend your return.
The Form 1099-NEC should have been reported on a Schedule C Business Income and Expenses. If you did not have expenses to claim against the Form 1099-NEC income, then you may also owe self-employment tax in addition to income tax.
Self-employment tax would not have been included if the income was reported as a Form 1099-A or C.
To learn more, see the following TurboTax article:
Does a 1099-NEC or 1099-MISC mean I'm self-employed?
[edited 2/27/2024 | 5:22 am PST]
@arthurhsamuelson
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
