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