topic 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? in Get your taxes done using TurboTax

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?

chan_siufu — Thu, 06 Jun 2019 06:15:35 GMT

All payments from an employer to an employee are supposed...

rjs — Thu, 06 Jun 2019 06:15:37 GMT

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.

As a "statutory employee". I received both W2 and 1099-Mi...

chan_siufu — Thu, 06 Jun 2019 06:15:38 GMT

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?

instead of two separated copies

chan_siufu — Thu, 06 Jun 2019 06:15:40 GMT

instead of two separated copies

A W-2 does not get reported on any Schedule C as it is no...

Stinkerbellkity — Thu, 06 Jun 2019 06:15:41 GMT

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.

As a "statutory employee". I received both W2 and 1099-Mi...

chan_siufu — Thu, 06 Jun 2019 06:15:42 GMT

They must be reported on separate copies of Schedule C. Y...

rjs — Thu, 06 Jun 2019 06:15:43 GMT

They must be reported on separate copies of Schedule C. You cannot combine them.

The IRS instructions for Schedule C say the following (page C-5).

"If you had both self-employment income and statutory employee income, you must file two Schedules C. You cannot use Schedule C-EZ or combine these amounts on a single Schedule C."

Note that the 1099-MISC income is subject to self-employm...

rjs — Thu, 06 Jun 2019 06:15:44 GMT

Note that the 1099-MISC income is subject to self-employment tax. The W-2 income is not subject to self-employment tax because Social Security and Medicare taxes were withheld from it.

Re: Note that the 1099-MISC income is subject to self-employm...

Ryno10 — Mon, 13 Apr 2020 23:26:53 GMT

Thanks for helping me understand the unique way that I have to submit two separate Schedule C forms as a statuatory employee. On which Schedule C do I list my expenses?

Re: All payments from an employer to an employee are supposed...

ejweiss — Sun, 14 Jun 2020 23:39:34 GMT

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

Re: All payments from an employer to an employee are supposed...

CatinaT1 — Tue, 16 Jun 2020 13:46:57 GMT

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

Re: All payments from an employer to an employee are supposed...

jdusky11 — Sun, 12 Jul 2020 11:12:03 GMT

I have this same situation. My husband got a W-2 from his employer but also a 1099-MISC for a commission payment (box 7). Can I show this on my return without it being self employment?

Re: All payments from an employer to an employee are supposed...

CatinaT1 — Sun, 12 Jul 2020 13:16:00 GMT

This should all be reported on a W2. I would ask your employer for a corrected W2.

Re: As a "statutory employee". I received both W2 and 1099-Mi...

Rande1359 — Tue, 14 Jul 2020 04:11:02 GMT

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

Thank you!

Re: Note that the 1099-MISC income is subject to self-employm...

Jan15Feb27Jul21 — Thu, 30 Sep 2021 17:01:45 GMT

No taxes were withheld from income or are reported on the W-2. I need to report the income on Schedule C in order to claim expenses and reduce the taxable income.