A company is giving me money to cover an auto repair caused by them, is that money taxable as income?

rosinbag1 — Tue, 10 Mar 2026 07:09:23 GMT

They want to give me a w9 and are paying me directly to cover an auto repair I’m arranging

Re: A company is giving me money to cover an auto repair caused by them, is that money taxable as income?

Critter-3 — Fri, 04 Nov 2022 19:25:35 GMT

They want you to fill in a W-9 so that they can issue you a 1099-MISC in January so that they can deduct the expense on their tax return. I would have them pay the auto repair shop directly and leave you out of the middle.

If they insist on paying only you and giving you a 1099 it is not income to you and you will need to report it on the return then simply make a negating entry to zero the income out. If this is what happens to you post back for more directions next year.

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A company is giving me money to cover an auto repair caused by them, is that money taxable as income?

Re: A company is giving me money to cover an auto repair caused by them, is that money taxable as income?