If you’re self-employed, even if just for part of the year, chances are you’ll get one or more 1099-MISC forms at tax time. Each business or client that paid you more than $600 for the year should send you a 1099-MISC. Think of it like a W-2 for self-employed people. For you, Box 7: Nonemployee compensation, is the most important place to look. That’s where the amounts paid to you should be reported.
Form 1099-MISC also includes other types of payments you may need to report on your tax return. This guide will help you understand some of the key pieces of information reported on the 1099-MISC, that you’ll need when preparing your tax return.