[Trishala Raj]

My friend has got a 1099 MISC from a one time contract job and no expenses involved.

I was of the understanding that when you get a 1099 MISC, you have to do a Schedule C. The tax preparer advised her to put that amount on line 21 as other income as it was just a one time contract payment. Is this right?

Thanks in advance.

[MukatA]

You independent contractor. You must file your tax return if yourself employed income is $400 or more. You will report your income and expenses on schedule C or C-EZ (Form 1040). Then you put net income (or loss) on line 12 of Form 1040. This income is subject to SE tax at 15.3% (this is shown on line 57 of Form 1040). Half of SE tax is deductible on line 27 of Form 1040. Read: Your U.S. Tax Return: Tax Filing by Self Employed Sole Proprietor or Independent Contractor

If you are a nonresident exempt individual, then the income is not subject to SE tax.

[Trishala Raj]

You independent contractor. You must file your tax return if your self employed income is $400 or more. You will report your income and expenses on schedule C or C-EZ (Form 1040). Then you put net income (or loss) on line 12 of Form 1040. This income is subject to SE tax at 15.3% (this is shown on line 57 of Form 1040). Half of SE tax is deductible on line 27 of Form 1040. Read: Your U.S. Tax Return: Tax Filing by Self Employed Sole Proprietor or Independent Contractor

If you are a nonresident exempt individual, then the income is not subject to SE tax.

Thanks.