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csabobevans
New Member

Am retired military drawing retirement, disability&SS. Did some W-2 work in U.S. & 5.5 months 1099-Misc work in Canada. How do I treat this income? Do not own a business.

1099-MISC includes hourly, per diem, M/IE, gas reembursement, items purchased for the project.  Do I just owe tax on hourly income and delete all per diem, M/IE, gas, etc from the total non-employment compensation?

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PhyllisG
New Member

Am retired military drawing retirement, disability&SS. Did some W-2 work in U.S. & 5.5 months 1099-Misc work in Canada. How do I treat this income? Do not own a business.

If the amount was reported in box 7 of the Form 1099-MISC then you will have to report the total income on the Form 1040 Schedule C or Schedule C-EZ. TurboTax will determine the applicable form once you begin entering your information. 

You are considered an independent contractor when box 7 of the Form 1099-MISC has an amount; therefore, you are able to deduct any business related.  You will report your expenses (e.g., gas, supplies for project) in Part 11 of the Schedule C as a deduction.

To begin entering your information into TurboTax, do the following

  1. Type Schedule C in Find
  2. Click the Jump to schedule c link
  3. Navigate through the program to begin entering your income and expenses

You income will appear on line 12 of the Form 1040 Schedule 1.


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1 Reply
PhyllisG
New Member

Am retired military drawing retirement, disability&SS. Did some W-2 work in U.S. & 5.5 months 1099-Misc work in Canada. How do I treat this income? Do not own a business.

If the amount was reported in box 7 of the Form 1099-MISC then you will have to report the total income on the Form 1040 Schedule C or Schedule C-EZ. TurboTax will determine the applicable form once you begin entering your information. 

You are considered an independent contractor when box 7 of the Form 1099-MISC has an amount; therefore, you are able to deduct any business related.  You will report your expenses (e.g., gas, supplies for project) in Part 11 of the Schedule C as a deduction.

To begin entering your information into TurboTax, do the following

  1. Type Schedule C in Find
  2. Click the Jump to schedule c link
  3. Navigate through the program to begin entering your income and expenses

You income will appear on line 12 of the Form 1040 Schedule 1.


View solution in original post

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