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Deductions & credits
Most likely, the $75K will be included in box 1 of your W-2. But you *NEED* to ask this question to the company, as they might issue you a physically separate 1099-NEC for the amount. If the amount is a commission payment, then in addition to regular taxes, you'd also pay the additional 15.3% self-employment tax on the amount.
‎July 14, 2022
9:47 AM