Ask Experts Questions for FREE Help !
Ask
    gajananbhat's Avatar
    gajananbhat Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 31, 2006, 10:19 PM
    1099-MISC and w2
    Hi,

    Me and my wife both were on H1 last year. I had 2 W2s last year, and my wife was working as a contractor for the first 3 months last year and then she was on a W2 for the rest of the year. She got a 1099-MISC from the contractor for the first three months of last year.
    Could you tell me how I should be filing? Do I need to file on schedule C?

    Thanks
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 1, 2006, 09:35 PM
    Yes, you will need to file both a Schedule C to document the Form 1099-MISC income (and, hopefully, claim deductions associated with that income) and Schedule SE to calculate and pay the self-employment tax.

    These two schedules are attached to Form 1040.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

1099-misc on h1b? [ 4 Answers ]

I am working on an H1B, and received a 1099-MISC from a direct-sales company of which I am a registered distributor. The 1099 income is reported as "non-employee compensation". When I file this in Schedule C, can I claim for the expenses that I incurred? Are there any restrictions for H1B? ...

1099 Misc not sure? [ 1 Answers ]

I received a 1099 Misc. for money earned in assisting someone else in her clothing trunk shows in 2005. Not sure how to complete sch c for business name and if I can deduct mileage, meals, etc. that I paid for during these times. Also assist in clothes deliveries from these shows so have some...

F1, w-2 and 1099-Misc [ 4 Answers ]

Hello Everyone, I did go across lot of threads and it helped me. But I hope I can get answers to my queries. I was on F1- status throughout last year. However I was paid on 1099-misc and w-2 by two employers. My Questions 1) Do I need to attach 1099-misc or is the employer tax id enough? ...

F1, 1099-misc and w-2s [ 3 Answers ]

Hello, I am a new member. Its nice to see so many people here who can help. Here's my situation: My status in 2004: Student on F1 (I still am on F1 until my H1 is approved) Was attending school full-time until: August 19, 2004 Working on OPT since August 20, 2004. My nationality: Indian I...

View more questions Search