Second Schedula C

Forum|Forum|6 years ago
March 29, 2020
1 reply
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I AM A STATUTORY EMPLOYEE WORKING AS AN INSURANCE SALESMAN. MY FORM W2 IS MARKED AS SUCH IN BOX 13 WHICH GENERATED A SCHEDULE C.

I RECEIVED A FORM 1099-MISC FROM ANOTHER INSURANCE COMPANY REPORTING COMMISSION I RECEIVED FROM THEM FOR ONE OF THEIR POLICIES I SOLD.

THE 1099-MISC GENERATED A SECOND SCHEDULE C.

HOW CAN I REPORT ALL INCME AND EXPENSES ON A SINGLE SCHEDLE C TO AVOID PAYING SE TAX FOR FORM 1099-MISC INCOME?

Anonymous

here's what TT says

Statutory employee income cannot be reported on the same Schedule C as other self-employment income. If you has both types of income, report the incomes on two separate Schedules C.

Second Schedula C

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