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    Maggie123's Avatar
    Maggie123 Posts: 1, Reputation: 1
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    #1

    Apr 4, 2006, 04:16 PM
    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
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    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's Avatar
    gnafin Posts: 5, Reputation: 1
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    #3

    Feb 28, 2009, 01:00 PM
    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
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #4

    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.
    gnafin's Avatar
    gnafin Posts: 5, Reputation: 1
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    #5

    Mar 1, 2009, 08:07 AM
    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..
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #6

    Mar 1, 2009, 10:04 AM

    You will still file schedule C (form 1040). Report 1099-misc income and your expenses.
    gnafin's Avatar
    gnafin Posts: 5, Reputation: 1
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    #7

    Mar 1, 2009, 11:40 AM
    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?
    gnafin's Avatar
    gnafin Posts: 5, Reputation: 1
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    #8

    Mar 1, 2009, 03:08 PM
    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?
    gnafin's Avatar
    gnafin Posts: 5, Reputation: 1
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    #9

    Mar 14, 2009, 01:37 PM

    No more help...
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #10

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