1099-NEC

Forum|Forum|2 years ago
April 3, 2024
1 reply
8 views

Hi,

My wife received 1099-NEC for a small side job for an employer. Should we file it as self employment income or it is an income that should have been reported on a W-2? We are trying to avoid any complications because it is very small.

Ask the Experts - MetLife IV - April 2024

KrisD15

Level 15

If they used 1099-NEC, it needs to be reported as Self-Employment income.

That means any expenses directly relating to that income may be claimed, and you need to pay both halves of the FICA tax (Social Security) although you do get a credit for half that tax.

Whether you should have been paid as an employee depends on other factors, such as how much control the "employer" had over the person doing the work.

HERE is a link about the difference between employee and contractor.

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