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Level 2
Feb 1, 2020 12:12 AM UTC
Question

1099 Misc

I'm retired and was working by the hour helping a business.  That business issued a 1099 misc.  My question is why does it not list the income  in the 1099 misc line but puts it in the business items, business income and expenses (schedule C)?

    4 replies

    Level 15
    Feb 1, 2020 12:19 AM UTC

    If the amount was in box 7 of your 1099-R the IRS will consider you as having a business. That requires you completing Sch C. You can deduct any expenses associated with production of income and can deduct your medical insurance premium payments including what you pay for Medicare. 

    Ed70Author
    Level 2
    Feb 1, 2020 1:53 AM UTC

    Its not a 1099 R... the form is 1099 misc

    Level 15
    Feb 1, 2020 2:19 AM UTC

    Yes.  Typo. I meant 1099 misc.