If you have lots of jobs and sources of income it can be hard to figure out what counts as freelance — what part is taxed, what part isn’t, and all the different ways this stuff is categorized. We’re here to help!
Short answer: You are legally obligated to report all of your income.
In the past, if you hired other freelancers or contractors to help with your business, you had to fill out a 1099-MISC. Starting in 2021, we generally file a 1099-NEC instead.
Every person or company you worked for may not issue you a tax form.
If you're a freelancer, you definitely want to keep track of your expenses. Here's why.