I am an IC for 16-17 school year. I turned expenses in 16 and was reimbursed in 16 which showed on a 1099-MISC box 7. Won't be paid till 17. How do I offset this income?

Was I suppose to get this reimbursement reported on a 1099-MISC? This is the first year of being a school mentor and wasn't expecting expenses reimbursed counted as income.

posted

1 Reply

I am an IC for 16-17 school year. I turned expenses in 16 and was reimbursed in 16 which showed on a 1099-MISC box 7. Won't be paid till 17. How do I offset this income?

On Schedule C, list all of your 2016 expenses as deductions to offset your 1099 Misc reimbursement income.

Still have questions?

Make a post

Manage cookies

Expert does your taxes

Do it yourself

Resources

Support

I am an IC for 16-17 school year. I turned expenses in 16 and was reimbursed in 16 which showed on a 1099-MISC box 7. Won't be paid till 17. How do I offset this income?

I am an IC for 16-17 school year. I turned expenses in 16 and was reimbursed in 16 which showed on a 1099-MISC box 7. Won't be paid till 17. How do I offset this income?

Get more help

Ready to start your taxes?

Do you have a TurboTax Online account?

I am an IC for 16-17 school year. I turned expenses in 16 and was reimbursed in 16 which showed on a 1099-MISC box 7. Won't be paid till 17. How do I offset this income?

I am an IC for 16-17 school year. I turned expenses in 16 and was reimbursed in 16 which showed on a 1099-MISC box 7. Won't be paid till 17. How do I offset this income?

Get more help

Ready to start your taxes?

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert