Why did I receive a 1099-nec for a loan from the sba?

boondocks2011 · ‎April 17, 2022

macuser_22 · ‎April 17, 2022

I don't know what the "sba" is but ask them why they sent it to you.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

LeonardS · ‎April 17, 2022

SBA is the abbreviation for Small Business Administration.

This link provides contact information for the SBA https://Contact SBA

This issue may not be resolved in time for you to file your taxes by the April 18, 2022 deadline. You may want to consider filing an extension to file you’re your tax return. This TurboTax link How do I file an IRS extension (Form 4868) in TurboTax Online? will assist you in filing an extension.

IRS extensions for tax year 2021 must be filed on or before April 18, 2022 for domestic taxpayers.

Keep in mind: An extension doesn't give you extra time to pay your taxes — but it will keep you from getting a late filing penalty.

@boondocks2011

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CJCBot · ‎April 17, 2022

The SBA is the Small Business Administration.

macuser_22 · ‎April 17, 2022

A 1099-NEC is money you received for self-employed income for performing a service for which you got paid . It has nothing to do with loans.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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Why did I receive a 1099-nec for a loan from the sba?