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View Full Version : 1099-MISC Nonemployee Compensation 7 What Additional Forms?


cathyg
Mar 31, 2008, 06:03 AM
My husband was a grant reviewer for the National Science Foundation, last spring (2007). This was a one time trip to DC and he received about $1720. In compensation from NSF. As a result, we received a 1099-MISC, Miscellaneous Income form (stating Nonemployee Compensation 7) from them for that amount. (I might add that he does not own his own business, but is an academic. )

Other than the 1099-MISC form, what additional forms do we need to fill out? And where do I include this income on the 1040 form? Any help would be greatly appreciated.

Thank you ever so much.

cathyg

MukatA
Mar 31, 2008, 09:38 AM
The 1099-Misc income as nonemployee compensation is reported on schedule C (Form 1040). You can deduct your expenses related to this income.

How you will treat the 1099-Misc income, read: Your U.S. Tax Return: W2 or 1099: Employee or Independent Contractor. (http://taxipay.blogspot.com/2008/03/w2-or-1099-employee-or-independent.html)