A friend and I worked for Favor. She did the majority of the work. Favor says I will not receive a 1099k. How do I split the income so she can file her taxes. ?

debjew25 · ‎January 29, 2022

Do I need to give a form?

HelenC12 · ‎January 30, 2022

Since you're both self-employed, she can list you as an independent contractor and deduct your portion of 1099-K income as contract labor, on her income tax return. She should issue you a 1099-NEC if your portion of the income is $600 or more.

To create Form 1099-NEC, select one of the options below:

To enter contract labor expense on personal income tax returns, see How do I enter contract labor on my 2021 return?

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VolvoGirl · ‎January 30, 2022

Then on your return you also need to fill out Schedule C for your part and pay self employment tax on it. Do you need help with that or more info?

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A friend and I worked for Favor. She did the majority of the work. Favor says I will not receive a 1099k. How do I split the income so she can file her taxes. ?