- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
"Is there a way to avoid creating the SCH C? "
Nope. Non-employee compensation is reported in box 7 of the 1099-MISC. As far as the IRS is concerned, she earned that money while self-employed and "in business" for herself. So if she claims one single penny of expenses (referred to as business expenses) against that income, you will have to upgrade to the most expensive Self-Employed version since you're using the online version of the program.
However, if she does not claim any business expenses, then instead of a SCH C you can include a SCH C-EZ with the return, and that particular form is included in the online version of Premier that my screen indicates you're using. So when asked for type of business, select "contractor". If you select anything else (Sole Proprietor or Single Member LLC) then you will not get the SCH C-EZ option.
Nope. Non-employee compensation is reported in box 7 of the 1099-MISC. As far as the IRS is concerned, she earned that money while self-employed and "in business" for herself. So if she claims one single penny of expenses (referred to as business expenses) against that income, you will have to upgrade to the most expensive Self-Employed version since you're using the online version of the program.
However, if she does not claim any business expenses, then instead of a SCH C you can include a SCH C-EZ with the return, and that particular form is included in the online version of Premier that my screen indicates you're using. So when asked for type of business, select "contractor". If you select anything else (Sole Proprietor or Single Member LLC) then you will not get the SCH C-EZ option.
‎June 5, 2019
11:11 PM