Asked by Jason

Maxine is a new sole proprietor who started her business on March 1, 2025. By January 31, 2026, which form must she provide to any independent contractors paid $600 or more for project work?
Form 1099-K, Payment Card and Third-Party Network Transactions.
Form 1099-MISC, Miscellaneous Income.
Form 1099-NEC, Nonemployee Compensation.
Form W-2, Wage and Tax Statement

All Answers 1

Answered by GPT-5 mini AI
Form 1099-NEC, Nonemployee Compensation.

Reason: Payments of $600 or more to independent contractors for project/service work are reported on Form 1099-NEC (due to recipients and the IRS by January 31).