Is non employee compensation (NEC) not considered earned income for IRA deductions??

KD8121 · ‎March 19, 2025

Is NEC compensation considered earned income??

DawnC · ‎March 19, 2025

Yes, it is considered self-employment income, which is earned income.

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VolvoGirl · ‎March 19, 2025

A 1099NEC is usually for self employment income. Self employment is filed on Schedule C. The Net Profit on Schedule C minus 1/2 the self employment tax is earned income.

How to enter income from Self Employment

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

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Is non employee compensation (NEC) not considered earned income for IRA deductions??

Is non employee compensation (NEC) not considered earned income for IRA deductions??

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Is non employee compensation (NEC) not considered earned income for IRA deductions??

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Is non employee compensation (NEC) not considered earned income for IRA deductions??

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