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If got both a 1099-K form and a 1099-NEC from my employer, do I need to include both those forms as part of my income?

 
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1 Reply
JohnB5677
Expert Alumni

If got both a 1099-K form and a 1099-NEC from my employer, do I need to include both those forms as part of my income?

I'm not sure.

I suggest you contact your "employer".  Neither of these are employee forms.  They are for a private contractor and a third-party payee.

If you don't get a W-2 you will be required to pay self-employment taxes.

The self-employment tax rate is 15.3%. That rate is the sum of 12.4% for Social Security and 2.9% for Medicare.

Please find out the facts and write back to us.

 

We are approaching the filing date.

If you need it, this is some guidance to file an extension.

This will give you until October 16th, 2023 to file your tax return.

 

On the sidebar go to:

  1. Tax Tools
  2. Then select Tools
  3. In the four green boxes select Tax Topics
  4. Type extension
  5. Need More Time to File Your Return?
  6. Select Start Easy Extension
  7. This will give you until October to file.

TurboTax file an Extension


 

 

 

 

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