Ask Experts Questions for FREE Help !
Ask
    jollyjones76's Avatar
    jollyjones76 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 1, 2008, 08:55 PM
    1099-misc, box 6
    I received a 1099-misc for tax year 2007. This will be my first time filing this kind of income. Box 6 (medical and healthcare payments) was completed because I received money from my grandmother's estate to care for her a few days every month last year. I will continue to do so throughout 2008 as well, so I'll be going through this again next year.
    I've prepared my taxes using Turbotax.com and I am amazed at how much the 1099-misc income affected my refund. I also don't understand why I am considered to own a business. I don't have a TIN, nor am I claiming any expenses. Is there another way I should be filing this income? Do I need to get a TIN for my 'business'? Should I be paying quarterly taxes?

    Thanks for any help you can give.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Apr 2, 2008, 01:29 AM
    Yes, you report this on schedule C or C-EZ -- see Form 1099-misc at Internal Revenue Service.

    You can deduct your actual expenses on schedule C or C-EZ. You don't need TIN. You will enter your own SSN.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

1099 Misc Box 7 but I am an employee [ 4 Answers ]

Besides my usual W-2, I received a 1099 Misc from my employer with the income reported in Box 7 as non employee compensation. Clearly, I am an employee and don't have a business. When I try to file, this becomes a very complicated issue. Any similar experiences? Does anyone know how to file...

1099-misc Box 3 [ 1 Answers ]

I was hoping I could get some help on this - I can't seem to find the answer anywhere. I got $1000 from my department as an award for teaching and it has shown up on the 1099-MISC form in box 3. Does this mean that I have to fill out 1040NR instead of 1040 NR-EZ? Thank you in advance! Marko

1099-MISC (Box 7) and W-2 from same employee [ 1 Answers ]

I have received a 1099-MISC (box 7) and W-2 from my current employer. What can I do? I am an employee, not independent contractor. If I pay as "other income" on 1040, will my employer have any problems because of me? What can I do?

Box 18 of the 1099-Misc Form [ 1 Answers ]

What does box 18 of the 1099-Misc form mean? Can you put income into that box even if the state does not hold out taxes? I need to know immediately if possible. If I can not put income into that box, I have 1099- Misc forms to re-run. You can email me at sglidden@1mssi. Com. Thanks,...

1099 misc box 7 [ 1 Answers ]

I got a 1099-MISC tax form with box 7 filled out for $1500.00. I was a mentor teacher for an intern in my classroom and I got the money for mentoring her. The money was given to me through the school system through a non profit organization. This organization was created by the school system and...

View more questions Search