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February 27, 2024
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1099 NEC

  • February 27, 2024
  • 1 reply
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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? 

Best answer by DawnC

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?

1 reply

DawnC
DawnCAnswer
Employee
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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