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February 8, 2022
Question

How do I handle a 1099-NEC when the compensation reported was not received until the following year?

  • February 8, 2022
  • 1 reply
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This is a commission that was paid at the end of 2021 but not received and available to me until 2022.

1 reply

Employee
February 8, 2022

The IRS gets a copy of your 1099-NEC, and if it is dated 2021 the IRS computers will look for a matching entry on your 2021 tax return.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.