KrisD15
Expert Alumni

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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