topic Re: 1099 NEC for Clinical Trial-How to proceed in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/re-1099-nec-for-clinical-trial-how-to-proceed/01/1980047#M712967 <P>Hi,</P><P>&nbsp;</P><P>I was in a clinical trial and received a 1099-NEC for my compensation ($720). Reading this thread, I understand this to be subject to income tax but not self employment. However, when I enter the 1099-NEC in the software, it gets pushed to a Schedule C which makes it subject to self employment taxes which doesn't seem right. Any suggestions how to proceed?</P><P>&nbsp;</P><P>Thanks in advance.</P> Wed, 24 Feb 2021 03:05:33 GMT Soccer340 2021-02-24T03:05:33Z For medical study income reported on a 1099-MISC, what constitutes "perform a service"? https://ttlc.intuit.com/community/taxes/discussion/for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/953691#M343301 <P>This question seems to affect some significant things later on, most notably whether this income allows for a Roth IRA contribution.</P><P>&nbsp;</P><P>What are the IRS guidelines for what it means to "perform a service to earn the money" in a medical study? This particular situation is for a relatively intensive study involving multiple days of being hooked up to various monitors. Showing up all day, multiple days seems like it would be "performing a service" but I couldn't find where this edge case was clarified. Where can I find more information about what "performing a service" means?</P> Tue, 12 Nov 2019 17:41:30 GMT https://ttlc.intuit.com/community/taxes/discussion/for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/953691#M343301 sbonds 2019-11-12T17:41:30Z Re: For medical study income reported on a 1099-MISC, what constitutes "perform a service"? https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/953718#M343311 <P>See answer here -&nbsp;<A href="https://ttlc.intuit.com/community/retirement/discussion/income-question-does-income-from-a-medical-study-have-to-be-reported-if-so-how/00/418923" target="_blank">https://ttlc.intuit.com/community/retirement/discussion/income-question-does-income-from-a-medical-study-have-to-be-reported-if-so-how/00/418923</A></P> <P>&nbsp;</P> <P><EM>Income for participating in a clinical trial or medical study is taxable.&nbsp; If the activity is infrequent, the income would not be self-employment income.&nbsp; The IRS discussed that position in the Internal Revenue Service's Private Letter Ruling 9106004 regarding a participant in a medical study for asthma.</EM></P> <P><EM>What that means is that it would be subject to income taxes, but not subject to self-employment tax.&nbsp; It also would not qualify the participant for the earned income tax credit or any other tax benefit that is dependent on earned income such as an IRA deduction.</EM></P> Tue, 12 Nov 2019 18:21:10 GMT https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/953718#M343311 DoninGA 2019-11-12T18:21:10Z Re: For medical study income reported on a 1099-MISC, what constitutes "perform a service"? https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/953721#M343312 <P>I didn't find a clarification about what "perform a service" means from that posting. Do you know where more information about that specific question can be found?</P> Tue, 12 Nov 2019 18:29:17 GMT https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/953721#M343312 sbonds 2019-11-12T18:29:17Z Re: For medical study income reported on a 1099-MISC, what constitutes "perform a service"? https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/953750#M343328 <BLOCKQUOTE><HR /><LI-USER uid="609357"></LI-USER>&nbsp;wrote:<BR /> <P>I didn't find a clarification about what "perform a service" means from that posting. Do you know where more information about that specific question can be found?</P> <HR /></BLOCKQUOTE> <P><EM>Perform a service</EM> is in reference to self-employment where the individual is a sole proprietor or independent contractor who has a trade or business and <EM>provides a service</EM> for compensation.</P> <P>IRS website for self-employment -&nbsp;<A href="https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center#SelfEmployed" target="_blank">https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center#SelfEmployed</A></P> <P>&nbsp;</P> <H2 id="SelfEmployed"><EM><STRONG>Who is Self-Employed?</STRONG></EM></H2> <P><EM>Generally, you are self-employed if any of the following apply to you.</EM></P> <UL> <LI><EM>You carry on a trade or business as a&nbsp;<A title="Sole Proprietorships" href="https://www.irs.gov/businesses/small-businesses-self-employed/sole-proprietorships" data-entity-substitution="canonical" data-entity-type="node" data-entity-uuid="d9897b64-c403-4f6c-85e2-ba8e430c5527" target="_blank">sole proprietor</A>&nbsp;or an&nbsp;<A title="Independent Contractor Defined" href="https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-defined" data-entity-substitution="canonical" data-entity-type="node" data-entity-uuid="d1301528-003f-4f0f-8968-44baa625927c" target="_blank">independent contractor</A>.</EM></LI> <LI><EM>You are a member of a&nbsp;<A title="Partnerships" href="https://www.irs.gov/businesses/small-businesses-self-employed/partnerships" data-entity-substitution="canonical" data-entity-type="node" data-entity-uuid="122d38cb-2f4a-463c-ae3a-4c246beb8ef6" target="_blank">partnership</A>&nbsp;that carries on a&nbsp;<A title="Business Activities" href="https://www.irs.gov/businesses/small-businesses-self-employed/business-activities" data-entity-substitution="canonical" data-entity-type="node" data-entity-uuid="5ad9dbde-5c67-4740-b67a-c606c28357c9" target="_blank">trade or business</A>.</EM></LI> <LI><EM>You are otherwise in business for yourself (including a&nbsp;<A title="Business Activities" href="https://www.irs.gov/businesses/small-businesses-self-employed/business-activities" data-entity-substitution="canonical" data-entity-type="node" data-entity-uuid="5ad9dbde-5c67-4740-b67a-c606c28357c9" target="_blank">part-time business</A>)</EM></LI> </UL> Tue, 12 Nov 2019 19:11:01 GMT https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/953750#M343328 DoninGA 2019-11-12T19:11:01Z Re: For medical study income reported on a 1099-MISC, what constitutes "perform a service"? https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1771951#M629106 <P>I am on ssidi and the medical study income is my only income is it also taxable, I thought it was a combination reimbursement for time and travel&nbsp;</P> Mon, 04 Jan 2021 17:54:27 GMT https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1771951#M629106 Mikenn2003 2021-01-04T17:54:27Z Re: For medical study income reported on a 1099-MISC, what constitutes "perform a service"? https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1772008#M629116 <BLOCKQUOTE><HR /><LI-USER uid="2840485"></LI-USER>&nbsp;wrote:<BR /> <P>I am on ssidi and the medical study income is my only income is it also taxable, I thought it was a combination reimbursement for time and travel&nbsp;</P> <HR /></BLOCKQUOTE> <P>Income earned performing a medical study is taxable. &nbsp;It is not "earned income" (income earned from performing work or services) but it must be reported as taxable income. &nbsp;If more than $600, the payer should give you a form 1099-MISC. &nbsp;It may come in the mail and they have until January 31, 2021 to mail them out. &nbsp;You should not get a 1099-NEC. &nbsp;If you get a 1099-NEC, write back for more information on how to avoid the self-employment tax.&nbsp;</P> <P>&nbsp;</P> <P>In the past, you may have been able to deduct mileage, but not after tax reform. &nbsp;You can't deduct anything for your time, that's why you are being paid. &nbsp;</P> Mon, 04 Jan 2021 18:27:10 GMT https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1772008#M629116 Opus 17 2021-01-04T18:27:10Z Re: For medical study income reported on a 1099-MISC, what constitutes "perform a service"? https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1772648#M629408 <P>What if I didn't get more than 600$ in the calendar year&nbsp;</P> Mon, 04 Jan 2021 22:54:01 GMT https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1772648#M629408 Mikenn2003 2021-01-04T22:54:01Z Re: For medical study income reported on a 1099-MISC, what constitutes "perform a service"? https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1772656#M629412 <UL><LI>Will it effect my tax free ssdi income&nbsp;</LI></UL> Mon, 04 Jan 2021 22:57:34 GMT https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1772656#M629412 Mikenn2003 2021-01-04T22:57:34Z Re: For medical study income reported on a 1099-MISC, what constitutes "perform a service"? https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1772661#M629413 <BLOCKQUOTE><HR /><LI-USER uid="2840485"></LI-USER>&nbsp;wrote:<BR /> <P>What if I didn't get more than 600$ in the calendar year&nbsp;</P> <HR /></BLOCKQUOTE> <P>You are required to report and pay tax on all your income. &nbsp;You can enter this as "other income" in the program, I believe medical research is an option there. &nbsp;Just make sure that if you are asked any test questions to determine self-employment intent, you answer no (not like your regular work, not intended to earn a profit, etc.)</P> <P>&nbsp;</P> <P>If you get no tax documents, it is unlikely that the IRS will catch you if you don't report it. &nbsp;But the legal requirement is in the law. &nbsp;&nbsp;</P> <P>&nbsp;</P> <P>SSDI may be affected by income earned from working, but is not affected by income from other sources, like investments or prizes.</P> <P>&nbsp;</P> <P>Also, if your taxable income is less than $12,400, you won't pay any income tax even if you report it.</P> Mon, 04 Jan 2021 23:00:04 GMT https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1772661#M629413 Opus 17 2021-01-04T23:00:04Z Re: 1099 NEC for Clinical Trial-How to proceed https://ttlc.intuit.com/community/taxes/discussion/re-1099-nec-for-clinical-trial-how-to-proceed/01/1980047#M712967 <P>Hi,</P><P>&nbsp;</P><P>I was in a clinical trial and received a 1099-NEC for my compensation ($720). Reading this thread, I understand this to be subject to income tax but not self employment. However, when I enter the 1099-NEC in the software, it gets pushed to a Schedule C which makes it subject to self employment taxes which doesn't seem right. Any suggestions how to proceed?</P><P>&nbsp;</P><P>Thanks in advance.</P> Wed, 24 Feb 2021 03:05:33 GMT https://ttlc.intuit.com/community/taxes/discussion/re-1099-nec-for-clinical-trial-how-to-proceed/01/1980047#M712967 Soccer340 2021-02-24T03:05:33Z Re: 1099 NEC for Clinical Trial-How to proceed https://ttlc.intuit.com/community/taxes/discussion/re-1099-nec-for-clinical-trial-how-to-proceed/01/1980175#M713027 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif"><STRONG>If this is a regular side job, you are considered as self employed.&nbsp; If it is just a one time income, you would enter as Other Income.&nbsp; You do not need to enter info under Schedule C section.&nbsp; Here are the steps:</STRONG></SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif"><SPAN style="color:#2d3338">In TurboTax online,&nbsp;</SPAN></SPAN></SPAN></P> <UL> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Sign into your account, select&nbsp;<STRONG>Pick up where you left off</STRONG></SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">From the upper right menu, select&nbsp;Search and type in&nbsp;<STRONG>1099nec</STRONG>&nbsp;and Enter</SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select the&nbsp;<STRONG>Jump to 1099nec</STRONG></SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Follow prompts</SPAN></SPAN></LI> </UL> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">This will show on line 8 of your Schedule 1 and Form 1040.</SPAN></SPAN></P> <P>&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;</P> Wed, 24 Feb 2021 03:33:29 GMT https://ttlc.intuit.com/community/taxes/discussion/re-1099-nec-for-clinical-trial-how-to-proceed/01/1980175#M713027 LinaJ2020 2021-02-24T03:33:29Z
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topic Re: 1099 NEC for Clinical Trial-How to proceed in Get your taxes done using TurboTax
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https://ttlc.intuit.com/community/taxes/discussion/re-1099-nec-for-clinical-trial-how-to-proceed/01/1980047#M712967
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<P>Hi,</P><P>&nbsp;</P><P>I was in a clinical trial and received a 1099-NEC for my compensation ($720). Reading this thread, I understand this to be subject to income tax but not self employment. However, when I enter the 1099-NEC in the software, it gets pushed to a Schedule C which makes it subject to self employment taxes which doesn't seem right. Any suggestions how to proceed?</P><P>&nbsp;</P><P>Thanks in advance.</P>
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<pubDate>Wed, 24 Feb 2021 03:05:33 GMT</pubDate>
<dc:creator>Soccer340</dc:creator>
<dc:date>2021-02-24T03:05:33Z</dc:date>
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<title>
For medical study income reported on a 1099-MISC, what constitutes "perform a service"?
</title>
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https://ttlc.intuit.com/community/taxes/discussion/for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/953691#M343301
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<P>This question seems to affect some significant things later on, most notably whether this income allows for a Roth IRA contribution.</P><P>&nbsp;</P><P>What are the IRS guidelines for what it means to "perform a service to earn the money" in a medical study? This particular situation is for a relatively intensive study involving multiple days of being hooked up to various monitors. Showing up all day, multiple days seems like it would be "performing a service" but I couldn't find where this edge case was clarified. Where can I find more information about what "performing a service" means?</P>
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<pubDate>Tue, 12 Nov 2019 17:41:30 GMT</pubDate>
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https://ttlc.intuit.com/community/taxes/discussion/for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/953691#M343301
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<dc:creator>sbonds</dc:creator>
<dc:date>2019-11-12T17:41:30Z</dc:date>
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<title>
Re: For medical study income reported on a 1099-MISC, what constitutes "perform a service"?
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https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/953718#M343311
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<P>See answer here -&nbsp;<A href="https://ttlc.intuit.com/community/retirement/discussion/income-question-does-income-from-a-medical-study-have-to-be-reported-if-so-how/00/418923" target="_blank">https://ttlc.intuit.com/community/retirement/discussion/income-question-does-income-from-a-medical-study-have-to-be-reported-if-so-how/00/418923</A></P> <P>&nbsp;</P> <P><EM>Income for participating in a clinical trial or medical study is taxable.&nbsp; If the activity is infrequent, the income would not be self-employment income.&nbsp; The IRS discussed that position in the Internal Revenue Service's Private Letter Ruling 9106004 regarding a participant in a medical study for asthma.</EM></P> <P><EM>What that means is that it would be subject to income taxes, but not subject to self-employment tax.&nbsp; It also would not qualify the participant for the earned income tax credit or any other tax benefit that is dependent on earned income such as an IRA deduction.</EM></P>
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<pubDate>Tue, 12 Nov 2019 18:21:10 GMT</pubDate>
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https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/953718#M343311
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<dc:creator>DoninGA</dc:creator>
<dc:date>2019-11-12T18:21:10Z</dc:date>
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Re: For medical study income reported on a 1099-MISC, what constitutes "perform a service"?
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https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/953721#M343312
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<P>I didn't find a clarification about what "perform a service" means from that posting. Do you know where more information about that specific question can be found?</P>
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<pubDate>Tue, 12 Nov 2019 18:29:17 GMT</pubDate>
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<dc:creator>sbonds</dc:creator>
<dc:date>2019-11-12T18:29:17Z</dc:date>
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<title>
Re: For medical study income reported on a 1099-MISC, what constitutes "perform a service"?
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https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/953750#M343328
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<BLOCKQUOTE><HR /><LI-USER uid="609357"></LI-USER>&nbsp;wrote:<BR /> <P>I didn't find a clarification about what "perform a service" means from that posting. Do you know where more information about that specific question can be found?</P> <HR /></BLOCKQUOTE> <P><EM>Perform a service</EM> is in reference to self-employment where the individual is a sole proprietor or independent contractor who has a trade or business and <EM>provides a service</EM> for compensation.</P> <P>IRS website for self-employment -&nbsp;<A href="https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center#SelfEmployed" target="_blank">https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center#SelfEmployed</A></P> <P>&nbsp;</P> <H2 id="SelfEmployed"><EM><STRONG>Who is Self-Employed?</STRONG></EM></H2> <P><EM>Generally, you are self-employed if any of the following apply to you.</EM></P> <UL> <LI><EM>You carry on a trade or business as a&nbsp;<A title="Sole Proprietorships" href="https://www.irs.gov/businesses/small-businesses-self-employed/sole-proprietorships" data-entity-substitution="canonical" data-entity-type="node" data-entity-uuid="d9897b64-c403-4f6c-85e2-ba8e430c5527" target="_blank">sole proprietor</A>&nbsp;or an&nbsp;<A title="Independent Contractor Defined" href="https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-defined" data-entity-substitution="canonical" data-entity-type="node" data-entity-uuid="d1301528-003f-4f0f-8968-44baa625927c" target="_blank">independent contractor</A>.</EM></LI> <LI><EM>You are a member of a&nbsp;<A title="Partnerships" href="https://www.irs.gov/businesses/small-businesses-self-employed/partnerships" data-entity-substitution="canonical" data-entity-type="node" data-entity-uuid="122d38cb-2f4a-463c-ae3a-4c246beb8ef6" target="_blank">partnership</A>&nbsp;that carries on a&nbsp;<A title="Business Activities" href="https://www.irs.gov/businesses/small-businesses-self-employed/business-activities" data-entity-substitution="canonical" data-entity-type="node" data-entity-uuid="5ad9dbde-5c67-4740-b67a-c606c28357c9" target="_blank">trade or business</A>.</EM></LI> <LI><EM>You are otherwise in business for yourself (including a&nbsp;<A title="Business Activities" href="https://www.irs.gov/businesses/small-businesses-self-employed/business-activities" data-entity-substitution="canonical" data-entity-type="node" data-entity-uuid="5ad9dbde-5c67-4740-b67a-c606c28357c9" target="_blank">part-time business</A>)</EM></LI> </UL>
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<pubDate>Tue, 12 Nov 2019 19:11:01 GMT</pubDate>
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https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/953750#M343328
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<dc:creator>DoninGA</dc:creator>
<dc:date>2019-11-12T19:11:01Z</dc:date>
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<title>
Re: For medical study income reported on a 1099-MISC, what constitutes "perform a service"?
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https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1771951#M629106
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<P>I am on ssidi and the medical study income is my only income is it also taxable, I thought it was a combination reimbursement for time and travel&nbsp;</P>
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<pubDate>Mon, 04 Jan 2021 17:54:27 GMT</pubDate>
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https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1771951#M629106
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<dc:creator>Mikenn2003</dc:creator>
<dc:date>2021-01-04T17:54:27Z</dc:date>
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<title>
Re: For medical study income reported on a 1099-MISC, what constitutes "perform a service"?
</title>
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https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1772008#M629116
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<description>
<BLOCKQUOTE><HR /><LI-USER uid="2840485"></LI-USER>&nbsp;wrote:<BR /> <P>I am on ssidi and the medical study income is my only income is it also taxable, I thought it was a combination reimbursement for time and travel&nbsp;</P> <HR /></BLOCKQUOTE> <P>Income earned performing a medical study is taxable. &nbsp;It is not "earned income" (income earned from performing work or services) but it must be reported as taxable income. &nbsp;If more than $600, the payer should give you a form 1099-MISC. &nbsp;It may come in the mail and they have until January 31, 2021 to mail them out. &nbsp;You should not get a 1099-NEC. &nbsp;If you get a 1099-NEC, write back for more information on how to avoid the self-employment tax.&nbsp;</P> <P>&nbsp;</P> <P>In the past, you may have been able to deduct mileage, but not after tax reform. &nbsp;You can't deduct anything for your time, that's why you are being paid. &nbsp;</P>
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<pubDate>Mon, 04 Jan 2021 18:27:10 GMT</pubDate>
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https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1772008#M629116
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<dc:creator>Opus 17</dc:creator>
<dc:date>2021-01-04T18:27:10Z</dc:date>
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<title>
Re: For medical study income reported on a 1099-MISC, what constitutes "perform a service"?
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https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1772648#M629408
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<P>What if I didn't get more than 600$ in the calendar year&nbsp;</P>
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<pubDate>Mon, 04 Jan 2021 22:54:01 GMT</pubDate>
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https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1772648#M629408
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<dc:creator>Mikenn2003</dc:creator>
<dc:date>2021-01-04T22:54:01Z</dc:date>
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<title>
Re: For medical study income reported on a 1099-MISC, what constitutes "perform a service"?
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<link>
https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1772656#M629412
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<description>
<UL><LI>Will it effect my tax free ssdi income&nbsp;</LI></UL>
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<pubDate>Mon, 04 Jan 2021 22:57:34 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1772656#M629412
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<dc:creator>Mikenn2003</dc:creator>
<dc:date>2021-01-04T22:57:34Z</dc:date>
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<item>
<title>
Re: For medical study income reported on a 1099-MISC, what constitutes "perform a service"?
</title>
<link>
https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1772661#M629413
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<description>
<BLOCKQUOTE><HR /><LI-USER uid="2840485"></LI-USER>&nbsp;wrote:<BR /> <P>What if I didn't get more than 600$ in the calendar year&nbsp;</P> <HR /></BLOCKQUOTE> <P>You are required to report and pay tax on all your income. &nbsp;You can enter this as "other income" in the program, I believe medical research is an option there. &nbsp;Just make sure that if you are asked any test questions to determine self-employment intent, you answer no (not like your regular work, not intended to earn a profit, etc.)</P> <P>&nbsp;</P> <P>If you get no tax documents, it is unlikely that the IRS will catch you if you don't report it. &nbsp;But the legal requirement is in the law. &nbsp;&nbsp;</P> <P>&nbsp;</P> <P>SSDI may be affected by income earned from working, but is not affected by income from other sources, like investments or prizes.</P> <P>&nbsp;</P> <P>Also, if your taxable income is less than $12,400, you won't pay any income tax even if you report it.</P>
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<pubDate>Mon, 04 Jan 2021 23:00:04 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/taxes/discussion/re-for-medical-study-income-reported-on-a-1099-misc-what-constitutes-perform-a-service/01/1772661#M629413
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<dc:creator>Opus 17</dc:creator>
<dc:date>2021-01-04T23:00:04Z</dc:date>
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<title>Re: 1099 NEC for Clinical Trial-How to proceed</title>
<link>
https://ttlc.intuit.com/community/taxes/discussion/re-1099-nec-for-clinical-trial-how-to-proceed/01/1980047#M712967
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<description>
<P>Hi,</P><P>&nbsp;</P><P>I was in a clinical trial and received a 1099-NEC for my compensation ($720). Reading this thread, I understand this to be subject to income tax but not self employment. However, when I enter the 1099-NEC in the software, it gets pushed to a Schedule C which makes it subject to self employment taxes which doesn't seem right. Any suggestions how to proceed?</P><P>&nbsp;</P><P>Thanks in advance.</P>
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<pubDate>Wed, 24 Feb 2021 03:05:33 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/taxes/discussion/re-1099-nec-for-clinical-trial-how-to-proceed/01/1980047#M712967
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<dc:creator>Soccer340</dc:creator>
<dc:date>2021-02-24T03:05:33Z</dc:date>
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<title>Re: 1099 NEC for Clinical Trial-How to proceed</title>
<link>
https://ttlc.intuit.com/community/taxes/discussion/re-1099-nec-for-clinical-trial-how-to-proceed/01/1980175#M713027
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<description>
<P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif"><STRONG>If this is a regular side job, you are considered as self employed.&nbsp; If it is just a one time income, you would enter as Other Income.&nbsp; You do not need to enter info under Schedule C section.&nbsp; Here are the steps:</STRONG></SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif"><SPAN style="color:#2d3338">In TurboTax online,&nbsp;</SPAN></SPAN></SPAN></P> <UL> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Sign into your account, select&nbsp;<STRONG>Pick up where you left off</STRONG></SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">From the upper right menu, select&nbsp;Search and type in&nbsp;<STRONG>1099nec</STRONG>&nbsp;and Enter</SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select the&nbsp;<STRONG>Jump to 1099nec</STRONG></SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Follow prompts</SPAN></SPAN></LI> </UL> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">This will show on line 8 of your Schedule 1 and Form 1040.</SPAN></SPAN></P> <P>&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;</P>
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<pubDate>Wed, 24 Feb 2021 03:33:29 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/taxes/discussion/re-1099-nec-for-clinical-trial-how-to-proceed/01/1980175#M713027
</guid>
<dc:creator>LinaJ2020</dc:creator>
<dc:date>2021-02-24T03:33:29Z</dc:date>
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