1) Review the information:
Carefully review the information provided on Form 1099-NEC to ensure its accuracy
Note: If you believe there is incorrect information in Form 1099-NEC, reach out to the payer and discuss the issue with them. Request to correct the form if necessary.
2) Report income correctly:
Depending on your tax status, report the income from Form 1099-NEC appropriately on your tax return
- Self-employed: report it on Schedule C (Form 1040)
- Sole proprietor: report it on Schedule F (Form 1040)
- Partnership: Form 1065 and Schedule K-1 (Form 1065) and the recipient/partner complete Schedule SE (Form 1040)
If you need further assistance, please feel free to submit your request to Customer Care Team through our Help Center and we will contact you as soon as possible.