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chao111
January 5, 2022
Solved

1099 NEC federal income tax

  • January 5, 2022
  • 2 replies
  • 0 views

Hi 

 

I have received a 1099 NEC. My question is about Box 1 Nonemployee compensation and Box 4 Federal income tax withheld. 

 

Does Box 1 include gross payment including Box 4 Federal income tax withheld, or it's a net payment excluded  Box 4 Federal income tax withheld? 

Best answer by MAK70

Yes, the box 1 amount is the total (gross) of payments- so you should have actually RECEIVED that amount less the tax withheld. 

2 replies

M
MAK70Answer
January 5, 2022

Yes, the box 1 amount is the total (gross) of payments- so you should have actually RECEIVED that amount less the tax withheld. 

    VolvoGirl
    VolvoGirl
    Employee
    January 5, 2022

    They took tax withholding out of your 1099NEC?  That is unusual.   Did you get the amount in box 1 or the net amount after box 4?  You have to report the full gross amount in box 1 as income.   Box 1 is the total amount including box 4 not the Net.

     

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