1846291
You'll need to sign in or create an account to connect with an expert.
Did they give you a 2020 1099Misc for it? Box 7 is now for sales. There is a new form 1099NEC box 1 for non employee compensation. Your employer used the wrong form.
2020 1099Misc box 7 is now for Direct Sales
https://www.irs.gov/pub/irs-pdf/f1099msc_20.pdf
The new 2020 1099NEC box 1 has replaced 1099Misc box 7 for non-employee compensation
https://www.irs.gov/pub/irs-pdf/f1099nec_20.pdf
Actually you can just enter it as Other self employment income or as Cash or General income. You don't need to get a 1099NEC or 1099Misc or 1099K. Even if you did you can enter all your income as Cash. Only the total goes to schedule C.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.