Asked by J
Kade, an independent contractor, worked as a graphic designer during 2024. He earned $16,500 from his services, but he did not receive a Form 1099-NEC, Nonemployee Compensation. How does he report this income?
As gross receipts on Schedule C (Form 1040).
He does not have to report this income because a tax form was not issued to him.
On Form 1040, line 1h, as other earned income.
On Schedule 1 (Form 1040), Part I, line 8j, as an activity not engaged in for profit income.
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Answered by
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As gross receipts on Schedule C (Form 1040).
All self‑employment income must be reported even if you didn’t receive a Form 1099‑NEC. Report the $16,500 as gross receipts on Schedule C, deduct any business expenses there, and if your net earnings are $400 or more, file Schedule SE to compute self‑employment tax. (Note: payers are required to issue a 1099‑NEC for nonemployee compensation of $600+.)
All self‑employment income must be reported even if you didn’t receive a Form 1099‑NEC. Report the $16,500 as gross receipts on Schedule C, deduct any business expenses there, and if your net earnings are $400 or more, file Schedule SE to compute self‑employment tax. (Note: payers are required to issue a 1099‑NEC for nonemployee compensation of $600+.)
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