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juanvar
New Member

PA return I have Misc income and a 1099form that shows up as a Business? Schedule C. Is that right? Is that right?

Then asks about accounting-is it Cash, accural or other.If I got paid by check is it cash?
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WillK
Intuit Alumni

PA return I have Misc income and a 1099form that shows up as a Business? Schedule C. Is that right? Is that right?

If there are wages reported in box 7 of your 1099-MISC then you are considered an independent contractor/self-employed by the IRS. You might not have opened a business, but by being an independent contractor you are in-fact the business. Your business name is your name and the business address is your address. 

Most small business owners accounting method is cash. 

 
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1 Reply
WillK
Intuit Alumni

PA return I have Misc income and a 1099form that shows up as a Business? Schedule C. Is that right? Is that right?

If there are wages reported in box 7 of your 1099-MISC then you are considered an independent contractor/self-employed by the IRS. You might not have opened a business, but by being an independent contractor you are in-fact the business. Your business name is your name and the business address is your address. 

Most small business owners accounting method is cash. 

 
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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