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Deductions & credits
The program might show it under both headings, but it isn't duplicating it. It is just saying that your income is XYZ and of that income Z is business related.
After the Tax Cuts and Jobs Act, getting a car allowance is more difficult to report for the taxpayer, because employee expenses are no longer deductible.
On the one hand, having the amount reported on a 1099-MISC will allow you to claim the expenses associated with using your car, on the other, you may need to pay for an upgrade in TurboTax.
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‎February 1, 2020
6:27 PM
2,093 Views