Reply
cancel
Showing results for 
Search instead for 
Did you mean: 
Reply

Tax Question—Regarding Forms

literarymaiden
Active Member
Kelly K Member Since: Jun 25, 2020
1 of 6

Hi, community,

I have all of my information down, and I just need to figure out which form is best to file under. I didn't meet the threshold, so I did not receive forms from Upwork. Should I go with a 1099-K, or what would be best?

Any insight would be greatly appreciated, and thank you for your time.

richardrader
Community Leader
Richard R Member Since: Jun 22, 2018
BEST ANSWER
2 of 6
Upwork only gives 1099k if you make over $20,000 AND over 200 transactions although that will change next year.

I am not a tax professional. I can't tell you how do do your taxes. But I claim all UpWork income and expenses under my schedule C. I use turbotax and it does everything for me, I simply put my income and expenses.

View solution in original post

literarymaiden
Active Member
Kelly K Member Since: Jun 25, 2020
3 of 6

Hi, Richard,

Thank you for your exceptionally helpful information and for taking the time to write.

All the best to you!

carrie-gates
Active Member
Carrie G Member Since: Sep 1, 2020
4 of 6
Hi Richard,
By next year, does it mean that 1099's will be issued jan 2022 for money earned in 2021? Or 2023 for 2022 earnings? I read about the change but am confused as to when it starts. Any help in understanding would be appreciated.
Thanks in advance.
petra_r
Community Guru
Petra R Member Since: Aug 3, 2011
5 of 6

Carrie G wrote:

By next year, does it mean that 1099's will be issued jan 2022 for money earned in 2021? Or 2023 for 2022 earnings? 

The latter

kerryveale
Active Member
Kerry V Member Since: Nov 25, 2020
6 of 6

Hi, I use Turbotax as well. I thought I should enter my Upwork income as a 1099-NEC (filling it out myself since they don't give me one) for self employment. I need the Federal ID number for Upwork, and submitted a ticket to get it, but the Upwork customer service representative only told me what I already know, which is my total earnings for 2020. 

 

Has anyone had any luck getting the Federal ID number to create your own 1099? If you haven't, how do you report the income in Turbotax?

 

I REALLY don't want to trigger an audit.

TOP SOLUTION AUTHORS