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

    Apr 30, 2007, 10:23 AM
    h-1b and 1099 - misc
    I am on h-1b and got a 1099 - misc for 2006 with a nonemployee compensation of 27k. How can I file my tax forms based on it ?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Apr 30, 2007, 12:27 PM
    You need to report the Form 1099-MISC income on Schedule C and deduct your valid business expenses on Schedule C.

    The net amount left is then transferred to Schedule SE to calculate the self-employment at 15.3%.

    Both schedules are submitted with Form 1040.

    This is basic tax work. If you need to ask questions about this, you NEED professional tax help to file your return.
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