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Level 1
February 10, 2020
Solved

1099-MISC

I do not own a business, but received a 1099-MISC for attending a conference as a representative of an educational institution.  The 1099-MISC includes both my fee, as well as my travel expense reimbursement.  I believe only my fee should be reported on the 1099, as I do not have a business to deduct expenses.  Is this correct?  Thanks!

    rjs
    rjsAnswer
    Level 15
    February 10, 2020

    The situation is not clear from what you wrote, but if you are charging the educational institution a fee for your services it sounds like you do have a business. In any case, that's how they are reporting it. They are correct to include the full amount that they paid you. Report the 1099-MISC as business income, and deduct the travel expenses as business expenses.

     

    1 reply

    rjs
    Level 15
    rjsLevel 15Answer
    Level 15
    February 10, 2020

    The situation is not clear from what you wrote, but if you are charging the educational institution a fee for your services it sounds like you do have a business. In any case, that's how they are reporting it. They are correct to include the full amount that they paid you. Report the 1099-MISC as business income, and deduct the travel expenses as business expenses.