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Mortgage Concept · 1099

Form 1099 (Self-Employed / Independent Contractor)

An IRS tax form documenting payment received as an independent contractor, freelancer, or gig economy professional. Lenders underwriting 1099 buyers focus on Net Schedule C profit across a 1-to-2 year average rather than Gross payouts, demanding rigorous bookkeeping.

Also known as: independent contractor, independent contractors, freelance

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