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Received 1099-misc box 7 (>$600) from gift cards issued to me. Can I report income only to line 21 Form 1040 or do I need to file schedule SE? I am not self-employed.
Per IRS "If you're not an employee of the payer, and you're not in a self-employed trade or business, you should report the income on line 21 of Form 1040, U.S. Individual Income Tax Return, and any expenses on Schedule A (Form 1040), Itemized Deductions".
However turbotax app when I fill the info of the 1099-MISC pops up the Schedule C, so wasn't sure. Gift cards were received because of some online training.
However turbotax app when I fill the info of the 1099-MISC pops up the Schedule C, so wasn't sure. Gift cards were received because of some online training.
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‎June 4, 2019
4:07 PM