1099 NEC

ryan2024 · ‎February 27, 2024

My employer issued me a 1099 NEC for checks he had given me throughout 2023 written out of 2 other companies she owns as well as 1 from the company I am a W2 employee of. Would I still report this as self employed income or as wages that should have gone through W2 even though they are separate EINs?

DawnC · ‎February 27, 2024

Yes, self-employment income is reported on 1099-NEC. Sounds like you are an employee of the w-2 company and the other companies are your customer/clients. All the 1099 income goes to Schedule C. You can deduct self-employed expenses related to that income on Schedule C.

Self-employments vs. Other Income

Reporting SE income - your 1099-nec income

What SE expenses can I deduct - there is a link at the bottom that tells you where to deduct these expenses

How does being Self-Employed affect my taxes?

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View solution in original post

DawnC · ‎February 27, 2024

Yes, self-employment income is reported on 1099-NEC. Sounds like you are an employee of the w-2 company and the other companies are your customer/clients. All the 1099 income goes to Schedule C. You can deduct self-employed expenses related to that income on Schedule C.

Self-employments vs. Other Income

Reporting SE income - your 1099-nec income

What SE expenses can I deduct - there is a link at the bottom that tells you where to deduct these expenses

How does being Self-Employed affect my taxes?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"