Reports nonemployee compensation of $600 or more paid to a contractor. Issued by the payer by January 31.
If you receive one, the income belongs on Schedule C and is subject to self-employment tax. If you issue them, missing one costs a penalty per form. Crypto paid to contractors still requires a 1099-NEC at fair market value.
You already have one for tax purposes. Report it on Schedule C, deduct related expenses, and pay self-employment tax on the net.
Last reviewed September 15, 2026. Tax rules change; confirm current law before acting.
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