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-   -   Got W-2 AND 1099-MISC from ONE employer (https://www.askmehelpdesk.com/showthread.php?t=24008)

  • Apr 4, 2006, 04:16 PM
    Maggie123
    Got W-2 AND 1099-MISC from ONE employer
    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
  • Apr 5, 2006, 06:14 PM
    AtlantaTaxExpert
    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.
  • Feb 28, 2009, 01:00 PM
    gnafin
    Quote:

    Originally Posted by AtlantaTaxExpert View Post
    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
  • Mar 1, 2009, 02:22 AM
    MukatA

    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.
  • Mar 1, 2009, 08:07 AM
    gnafin
    Quote:

    Originally Posted by MukatA View Post
    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.

    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..
  • Mar 1, 2009, 10:04 AM
    MukatA

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

    Originally Posted by MukatA View Post
    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?
  • Mar 1, 2009, 03:08 PM
    gnafin
    Quote:

    Originally Posted by gnafin View Post
    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?
  • Mar 14, 2009, 01:37 PM
    gnafin

    No more help...
  • May 6, 2009, 01:00 PM
    AtlantaTaxExpert
    You can enter the expenses cited in the appropriate area of the Schedule C.

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