LinaJ2020
Expert Alumni

Retirement tax questions

This issue has been resolved.  Please follow instructions by click on the attached link:

 

Why am I not able to link my 1099-NEC

 

 

One of the most common reasons you’d receive tax form 1099-NEC (Form 1099-MISC in prior years) is if you're self-employed or did work as an independent contractor during the previous year. The IRS refers to this as “nonemployee compensation.”

  • In most circumstances, your clients are required to issue Form 1099-NEC when they pay you $600 or more in any year.
  • As a self-employed person, you're required to report your self-employment income if the amount you receive from all sources totals $400 or more.

 

For more information, click here: 1099-NEC

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"