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Level 1
Nov 7, 2024 10:35 PM UTC
Question

1099-NEC delayed payment

If I ask a company I contract with to delay compensation for work done in late 2024 to be issued in 2025, will my 1099-NEC be for 2025 or 2024? Thank you. 

1 reply

VolvoGirl
Level 15
Nov 7, 2024 10:37 PM UTC

If they pay you in 2025 it will be on a 2025 1099NEC a year from now in Jan 2026.