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It depends. Since it was reported to you on Form 1099-MISC, it must be included in income and there are no offsetting expenses allowed due to the Tax Cuts and Jobs Act.
When income is received on Form 1099-MISC from an employer, it should have been included in wages. It cannot be offset by expenses.
To report it, you have two options.
Hi, I saw this, and my question relates: So, I was paid a stipend and additional travel reimbursement. I combined the stipend and travel reimbursement as “other income” (as there isn’t a 1099) then did mileage. Does that work? The amounts were almost exact ($382 theirs; $400 stand mileage) And in Case #2, I received a 1099 for a fee, but I got travel reimbursement on an additional check; however, travel here was $100 (which covered a hotel stay) and mileage was considerably more which I wasn’t reimbursed for. So, do I just not put in the hotel or add the $100 as “other income” and deduct the hotel room?
his is correct- just be sure to keep the receipts and record of how you determined the reimbursements.
his or This? 🙂 Which is correct #1 or #2?
If your income is reported on a 1099-MISC, You can file as Self Employed, and deduct the travel expense and perhaps some other expenses.
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