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July 21, 2020
Question

Difference between Other Income and Nonemployee compensation

  • July 21, 2020
  • 1 reply
  • 0 views

I'm a freelance photographer. I already paid my tax for 2020. 

One of my clients who gave me a 1099-MISC form last year just sent me a corrected version of their form. They changed my income from Nonemployee compensation to Other Income. What does that mean? Do I need to do any changes to the tax I reported for 2020?

1 reply

fanfare
Employee
July 22, 2020

"What does that mean?"

 

Other income does not incur Self-Employment Tax. Non-employee compensation does.

The original 1099-MISC supplied to you was the correct one.