I have received both W2 and 1099 Misc from my company.. Can I report both on same copy of Schedule C or on separate copy?

Forum|Forum|7 years ago
June 6, 2019
14 replies
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TurboTax Deluxe Windows

Best answer by Stinkerbellkity

A W-2 does not get reported on any Schedule C as it is not self-employment income. It is income you received as an employee of someone else's company, and is reported under the W-2 income section.

rjs

Level 15

All payments from an employer to an employee are supposed to be treated as wages and included in the employee's W-2. Why did you get a 1099-MISC from the same company where you are a W-2 employee? Employers sometimes erroneously issue a 1099-MISC for special payments such as a bonus, commission, award, or reimbursement, instead of including it in the W-2. If that's what happened, there is a way to report the extra payment correctly on your tax return, in spite of the employer's error.

The only exceptions are if you were an employee and a contractor at different times during the year, or if the 1099-MISC is for a spiff (manufacturer's incentive payment). If it's a spiff, it does not go on Schedule C. There is a special way to report spiffs.

If you were an employee and a contractor at different times, you enter the W-2 and the 1099-MISC as if they are unrelated. You enter the W-2 in the W-2 section, as you would for any other job, and you enter the 1099-MISC as business income, which will go on Schedule C.

If it's any other situation, post back with the details of what the 1099-MISC payment is for and which box of the 1099-MISC the income is in, and I will give you detailed step-by-step instructions for how to enter it correctly in TurboTax.

ejweiss

Level 2

I received a W2 and 1099 Misc. The W2 is more for the handling of benefits. The 1099 is payment of commissions.

It would be good if I could combine the two since they are both related to my sales position. It is also messing up my state return for my business. (insurance sales / investment advisor).

Thank you, Ellis

CatinaT1

Level 15

See RJS's original answer above. If you are an employee, everything should be reported to you on a W2.

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chan_siufuAuthor

Level 2

As a "statutory employee". I received both W2 and 1099-Misc from same employer. Box 7 (nonemployee compensation) was reported in the 1099-Misc. I have Schedule C (Copy 1) to report the W2 income, and Schedule C (Copy 2)) to report the 1099-Misc. Is it ok to report both incomes together on one single copy of Schedule C, instead of two repeated copies?

Rande1359

Level 2

Hi! Did you ever receive a solution to this issue? I have the same question.

Thank you!

chan_siufuAuthor

Level 2

instead of two separated copies

StinkerbellkityAnswer

Level 7

A W-2 does not get reported on any Schedule C as it is not self-employment income. It is income you received as an employee of someone else's company, and is reported under the W-2 income section.