Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Taxes    Ask about another Subject  
 
PDA

jeannie89
Apr 13, 2009, 05:05 AM
i received a bonus in 2008 from my employer and it was reporte on a 1099-misc in box 7.
how do i report this w/o claiming it as self-employment
AtlantaTaxExpert
Apr 16, 2009, 11:13 AM
You can report it on Line #21 of Form 1040, but if it is over $3,000, the IRS will probably question the validity of reporting it on Line #21 and REQUIRE you submit it under a Schedule C and SE.

If possible, go back to the employer and have him move the bonus to Box #3 (Other Income) with a corrected Form 1099. Then reporting it on Line #21 will not be a problem.