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Why is the 1099-MISC being reported as a Business when I worked only for the summer as a research assistant
While working this past summer at Rutgers U, I performed typical research assistant duties, and I got paid for the summer as a result. The university sent me a 1099-MISC and no taxes were taken out. I am not a business. I am a student, but Turbo Tax assumes that I'm a business owner and forces me to register as a business. Why? In addition, Turbo tax found for me a Federal Deduction that is greater than what the Total Income is reported on the 1099-MISC. So I should pay $0 tax, but yet Turbo tax shows that I owe federal taxes. Why? This seems like a bug in Turbo tax.
March 9, 2020
7:36 PM