Form 1099-MISC - Nonqualified Deferred Compensation
1
If you received a Form 1099-MISC, Miscellaneous Income, instead of a Form W-2, Wage and Tax Statement, the income you received is considered non-employee compensation or self-employment income. You need to complete Schedule C or Schedule F in the TaxAct program and then enter your Form 1099-MISC information. You may also need to complete Schedule SE, Self-Employment Tax.
If you need help completing the form or schedules:
You don’t have to be a business owner to be treated as a self-employed worker. Self-employed status means that the company or individual you worked for didn’t withhold income tax or Social Security and Medicare tax. Go to our Employee or Independent Contractor FAQ for more information.