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Retirement tax questions
Hi, first of all, thank you so much for your help here. I don't know what I'd do without internet strangers like you!
I also received a 1099-NEC. Are you saying that instead of choosing 1099-NEC, I should instead fill out the boxes for a Schedule 1 (1040) like I received a 1099-MISC instead? Then, I wait for the letter from the IRS and write them back telling them it's not an ongoing thing. When I choose the 1099-NEC, it forces the self-employment (15%) tax, and of course I don't want to pay this if I'm not supposed to.
‎February 6, 2021
3:06 PM