On the "Your 2021 self-employed work summary" page: Does the 2021 amount for each "line of work" include the deductions for expenses? (The amount does not match 1099-NEC)
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1 Best answer
JohnB5677
Expert Alumni
Apr 14, 2022 7:55:52 AM
"Your 2021 self-employed work summary" reflects your net profit. That will be all of the income less all of your expenses. It is probable that it will not match your 1099-NEC.
2 Replies
JohnB5677
Expert Alumni
Apr 14, 2022 7:55:52 AM
"Your 2021 self-employed work summary" reflects your net profit. That will be all of the income less all of your expenses. It is probable that it will not match your 1099-NEC.