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    dustman's Avatar
    dustman Posts: 4, Reputation: 1
    New Member
     
    #1

    Mar 27, 2013, 09:57 AM
    1099 with income/reimbursements
    Hi All,
    I am a contract pilot for several companies. 2 companies in particular have me put jet fuel and other associated expenses on my own amex card and pay me back over the course of the year. When I received my 1099 form they not only had my income but the reimbursed aircraft expenses included. I know you can claim them as deductions on the schedule c but where exactly does it on a schedule c.
    Thanks,
    Jeff
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
    current pert
     
    #2

    Mar 27, 2013, 10:04 AM
    They aren't picky about each line item on a Sch C, since they all are just deductions regardless. Put them wherever seems most applicable to you. I suppose they might wonder if someone who mows lawns has mostly office supplies or something, but in general it would take a random audit to be noticed, and you would just produce receipts. I assume that fuel is the biggest, so you could write 'aircraft fuel' on the dotted line under I think it's line 48, the second page where you put 'other.'.
    dustman's Avatar
    dustman Posts: 4, Reputation: 1
    New Member
     
    #3

    Mar 27, 2013, 10:28 AM
    Ok thanks, so at the bottom where it says other just write jet fuel and the amount that I have the receipt for?
    Thanks again
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
    current pert
     
    #4

    Mar 27, 2013, 10:51 AM
    Then that amount gets transferred to line 27a
    dustman's Avatar
    dustman Posts: 4, Reputation: 1
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    #5

    Mar 27, 2013, 11:53 AM
    Ok will give it a go this evening.
    Hope you are around if I get jammed up.
    :)
    Jeff
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
    current pert
     
    #6

    Mar 27, 2013, 12:03 PM
    27a on the Sc C
    dustman's Avatar
    dustman Posts: 4, Reputation: 1
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    #7

    Mar 27, 2013, 12:07 PM
    Ok cool and thanks so much.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #8

    Mar 27, 2013, 03:08 PM
    Excellently done, JoyPulv!

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