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Maggie123
Apr 4, 2006, 04:16 PM
I am a full-time employee, and I don't have a business.
For some reason, my boss gave both W-2 (larger part of salary) and 1099-misc(box 7, non-employee compensation, only small amount of salary).
What should I do with 1099-misc? Need to file Schedule C? Can I be treated as self-employed?

Thanks

AtlantaTaxExpert
Apr 5, 2006, 06:14 PM
Yes, you need to file Schedule C and Schedule SE as well.

It's likely this 1099 income is some sort of reimbursement for an expense incurred by you while working for your employer. Find out what the expense was and deduct it on the Schedule C, and it will be a wash.

gnafin
Feb 28, 2009, 01:00 PM
Yes, you need to file Schedule C and Schedule SE as well.

It's likely this 1099 income is some sort of reimbursement for an expense incurred by you while working for your employer. Find out what the expense was and deduct it on the Schedule C, and it will be a wash.


How do I fill out the form? I am using turbotax

MukatA
Mar 1, 2009, 02:22 AM
Turbotax will do this.
1099-misc means you have self employed income. Read: Your U.S. Tax Return: W2 vs 1099-Misc: Employee vs Independent Contractor. (http://taxipay.blogspot.com/2008/03/w2-or-1099-employee-or-independent.html)

gnafin
Mar 1, 2009, 08:07 AM
Turbotax will do this.
1099-misc means you have self employed income. read: Your U.S. Tax Return: W2 vs 1099-Misc: Employee vs Independent Contractor. (http://taxipay.blogspot.com/2008/03/w2-or-1099-employee-or-independent.html)

But I am not self employed, I am full time... this was giving for my expenses, and I made no profit on them... if I paid 100 for hotel I got back 100... no money made... so what froms do I need..

MukatA
Mar 1, 2009, 10:04 AM
You will still file schedule C (form 1040). Report 1099-misc income and your expenses.

gnafin
Mar 1, 2009, 11:40 AM
You will still file schedule C (form 1040). Report 1099-misc income and your expenses.

OK, but the form is asking for My business name, I don't have one... what would I put for it?

gnafin
Mar 1, 2009, 03:08 PM
ok, but the form is asking for My business name, i dont have one....what would i put for it?

Can I put all my hotel, food, rental car in one box?

gnafin
Mar 14, 2009, 01:37 PM
No more help...

AtlantaTaxExpert
May 6, 2009, 01:00 PM
You can enter the expenses cited in the appropriate area of the Schedule C.