Gather all 1099 forms you received
Check each form for accuracy
Report the income on your tax return
Use Schedule C if the income is from self-employment
Use Schedule E if the income is from rental or royalty income
Use Schedule B if the income is from interest or dividends
Include all 1099 income even if you did not receive a form
Calculate and pay self-employment tax if required
Claim eligible business deductions if applicable
File your federal tax return by the deadline
File any required state tax return
Keep copies of all forms and records for your files