$\frac{8}{28}$

$8/2$i

Kain, an independent contractor, worked as a handyman during $2023.$ He earned $$16,500$ from his services, but he did not

receive a Form $1099-$NEC, Nonemployee Compensation. How does he report this income?

$\frac{8}{2}$

As gross receipts on Schedule C $($Form $1040).$

He does not have to report this income because a tax form was not issued to him.

On Form $1040,$ line $1$ h $,$ as other earned income.

On Schedule $1($Form $1040),$ Part I, line $8$j$,$ as an activity not engaged in for profit income.

Question $62$ of $85.$

Nia is a new sole proprietor. She started her business on March $1,2023.$ By January $31,2024,$ she needs to issue which document to any independent contractors to whom she paid $$600$ or more to do project work for her business?

Form $1099-$K$,$ Payment Card and Third$-$Party Network Transactions.

Form $1099-$MISC, Miscellaneous Income.

Form $1099-$NEC, Nonemployee Compensation.

Form W$-2,$ Wage and Tax Statement.