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.

564

Level 3

Jun 5, 2019 10:37:09 PM

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

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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?