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Retirement tax questions
No, you cannot do that. If you receive 1099-NEC it is self-employment income and it is subject of self-employment tax and must be reported on Schedule C. Otherwise, it could cause penalties imposed on a top of unpaid taxes, plus interest and fees.
You might offset part of your self-employment income by deducting your expenses which occurred in connection with the income.
‎February 6, 2021
3:59 PM