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After you file
The IRS requires Form 1099-NEC be accounted for on the tax return.
Form 1099-NEC reports Self-Employment income and must be reported on Form 1040.
There is a little more leeway for Form 1099-K since that form can report several different things.
Not reporting Form 1099-NEC would raise a red flag with the IRS. They would investigate.
Not reporting Form 1099-K might not.
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March 21, 2025
10:08 AM