Businesses are required to issue 1099-NEC to independent contractor's on payments over $600. If not available, you can use your deposit slips or bank statement to file your self-employment income and enter the total income on Schedule C, other income not reported on 1099-NEC.
The independent contractor's self-employment income is reported on form 1099-NEC (previously 1099-MISC) .
The form 1099-MISC is used to report: royalties ($10 or more), at least $600 of rents, prizes and awards, attorrnye's fee, and othe cash payments.
