1099 forms report income you received outside of regular employment — freelance work, interest, dividends, and more.
| Form | Reports |
|---|---|
| 1099-NEC | Non-employee compensation — freelance/contract work over $600 from one payer |
| 1099-MISC | Rent, royalties, prizes, and other miscellaneous income |
| 1099-INT | Interest income from banks and financial institutions |
| 1099-DIV | Dividend and capital gains distributions |
| 1099-B | Proceeds from broker/investment sales |
| 1099-K | Payments from third-party platforms (payment apps, marketplaces) above reporting thresholds |
| 1099-G | Government payments — unemployment compensation, state tax refunds |
Receiving a 1099-NEC generally means you're considered self-employed for that income — no taxes were withheld, and you're responsible for both income tax and self-employment tax (Social Security + Medicare) on it. You may need to make quarterly estimated tax payments.
Estimate your self-employment tax on 1099 income.
Use the Self-Employment Tax Calculator →Even if you don't receive a 1099 (e.g., payer forgot, or income is below the reporting threshold), you're still legally required to report all taxable income.