If you made money from freelancing or gig economy work in 2020, you will receive a new tax form by February 1, 2021—Form 1099-NEC. This replaces Form 1099-MISC, which companies have to send when you earn $600 or more. Although there are still limited details about Form 1099-NEC, you can find the latest version (currently a draft) and future filing instructions here.

Lifehacker

5 years ago

shared a link post in group #Lifehacker

If you made money from freelancing or gig economy work in 2020, you will receive a new tax form by February 1, 2021—Form 1099-NEC. This replaces Form 1099-MISC, which companies have to send when you earn $600 or more. Although there are still limited details about Form 1099-NEC, you can find the latest version (currently a draft) and future filing instructions here.

twocents.lifehacker.com

What Freelancers Should Know About the New Tax Form