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April 14, 2022
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On the "Your 2021 self-employed work summary" page: Does the 2021 amount for each "line of work" include the deductions for expenses? (The amount does not match 1099-NEC)

  • April 14, 2022
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Best answer by JohnB5677

"Your 2021 self-employed work summary" reflects your net profit.  That will be all of the income less all of your expenses.  It is probable that it will not match your 1099-NEC.

1 reply

JohnB5677
JohnB5677Answer
April 14, 2022

"Your 2021 self-employed work summary" reflects your net profit.  That will be all of the income less all of your expenses.  It is probable that it will not match your 1099-NEC.

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ruperslAuthor
April 18, 2022

Thank you!!!!