1099 misc income

-U3R2Me- — Sat, 25 Aug 2018 20:53:38 GMT

My collection of 1099 Forms has the gross income at $249,000.00 for 2017. Only $69,000 is income and the balance is for reimbursable expenses. Where should the reimbursable amounts be listed?

Re: 1099 misc income

Carl — Sun, 26 Aug 2018 01:36:17 GMT

This DOES NOT APPLY TO A 2018 TAX RETURN!

All 1099-MISC income with an amount in box 3 or box 7 is all reported as taxable income. Period.

Then you separately claim those job related expenses as such. Now how and where you do that depends on your situation. Are you self-employed and report your business income on a SCH C as a part of your personal 1040 tax return? (and that's what the reimbursement is for?)
Or were you reimbursed as a W-2 employee?

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1099 misc income

Re: 1099 misc income