Skip to main content
March 25, 2021
Question

1099 NEC for contractors and FEIE (foreign earned income exemption)

  • March 25, 2021
  • 1 reply
  • 0 views

Is all 1099-NECs subject to self employment tax even if you qualify for FEIE (foreign earned income exemption?)

I received a 1099-NEC for 2020 but I did not live in the US at all in 2020. 

1 reply

March 25, 2021

Yes, you are allowed to exclude foreign earned income from income tax but not from self-employment tax.

 

Foreign Earned Income Exclusion (see Other Rules - Self Employment income)