2800341
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I'm treasurer for a support group. we get donations via Givebutter. i keep none of it. they're sending 1099's this yr. how to avoid this being marked as income for me?

i manage donations our 12 step support group gets via Givebutter.com. we hold a small amount for unexpected expenses, otherwise, everything goes toward meeting expenses. anything more, we donate out. this year they (via Stripe) will be sending 1099's. they've never done this in years past. but now since the Givebutter/Stripe account is under my name & social security number, i fear the IRS will think this is income for me - which it is not.  i do have a spreadsheet for every transaction. do i just deduct that somehow/somewhere? any ramifications with this?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies

I'm treasurer for a support group. we get donations via Givebutter. i keep none of it. they're sending 1099's this yr. how to avoid this being marked as income for me?

@SyberKnight 

 

why can't you remove your name / SSN from the Stripe account? 

I'm treasurer for a support group. we get donations via Givebutter. i keep none of it. they're sending 1099's this yr. how to avoid this being marked as income for me?

it won't let me. i could replace me with someone else if i could find someone willing, but i doubt anyone will step up given this new requirement.

I'm treasurer for a support group. we get donations via Givebutter. i keep none of it. they're sending 1099's this yr. how to avoid this being marked as income for me?

The what I assume "non profit" situation should be legally set up as such so that an EIN for the group can be issued and the 1099-K issued to that EIN and a proper return filing can be done even if no taxes are due.

 

Seek local professional assistance to get this situation done correctly.

I'm treasurer for a support group. we get donations via Givebutter. i keep none of it. they're sending 1099's this yr. how to avoid this being marked as income for me?

that's not an option. as i mentioned, this is a local community-run support group. anonymity is vital. it's not a business, nor a non-profit. it cannot be setup as such.

 

typically, these kinds of support groups are cash-only donations. but with the c0vid stuff, we had to go from in-person to online, and Givebutter seems to be the best option to accept donations. in the past couple years, they did not issue 1099's or anything else. but i guess they joined up with Stripe this year to handle payouts, and they are doing 1099's. 

 

i am on disability and fear this being considered income for me would endanger that status/benefits/income. so as a temporary solution, we changed it from being under my name & social to my wife's name & social.

 

she is self-employed, so we do a schedule-C for her.

 

SO, given this info, what's the best way to deal with getting a 1099 when it's not really income. everything that comes in, goes back out. 

 

if i add this 1099 in the personal income section, is there a way to show that it was not income, but every penny went back out for meeting expenses & other donations?

 

or do i add it to my wife's schedule-c income & somehow show 100% deduction for it?

 

could use some practical out-of-the-box thinking/solutions/explanations/guidance.

thanks.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question