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How to submit a 1099-MISC for a tax break, not for work?
My town gives me and my fellow members of the volunteer fire department a tax break on our town real estate tax. This is reported to us as "other income" on a 1099-MISC. However, when I try to submit this, TurboTax seems to think I can only be a contractor. I am not.
This is purely a token of gratitude from the town (and to help with retention of trained firefighters!) but since it has value it has to be reported. I am not a professional firefighter, and this is in now way related to my main job which is reported on a W2.
How do I file this?
This is purely a token of gratitude from the town (and to help with retention of trained firefighters!) but since it has value it has to be reported. I am not a professional firefighter, and this is in now way related to my main job which is reported on a W2.
How do I file this?
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‎January 21, 2021
9:00 AM