I was a 1099 contractor in 2022 for a company that hired me in January 2023. However they paid my last invoice in January 2023 for work performed in December 2022. I did not complete any contract work in 2023. They sent me a 1099-NEC for that final invoice for $700. Do I have to pay self-employment tax? Is there any way to file that on my personal taxes instead? I can't claim any home office deductions as my "business" wasn't operational in 2023. Am I missing something? Also do I say I "materially participated" in the business in 2023 even though it was not operational after December 2022?
