topic I received 1099 Misc. for sales but I dont have schedule c in Business & farm

I received 1099 Misc. for sales but I dont have schedule c

zebbo — Tue, 04 Aug 2020 23:07:00 GMT

Hello, I received a 1099-MISC but I dont own my own business. It was for sales but I dont have information on schedule c. how do I get the return to ignore?

Re: I received 1099 Misc. for sales but I dont have schedule c

Critter-3 — Tue, 04 Aug 2020 23:09:27 GMT

What box is the amount in on the 1099-misc form ? Box 3 or 7? What did you sell ?

Re: I received 1099 Misc. for sales but I dont have schedule c

Anonymous — Wed, 05 Aug 2020 08:05:01 GMT

unless you are the victim of identity fraud, you got the 1099-Misc for doing something. if you leave it off your return, sooner or later you'll get a letter from the IRS about the omission. If you enter the 1099-Misc in TT there's no way to tell TT to ignore it.

Re: I received 1099 Misc. for sales but I dont have schedule c

Opus 17 — Wed, 05 Aug 2020 17:15:42 GMT

We need to know why you received this money before we can tell you how to report it. If you simply ignore it, the IRS will assume it is taxable income and send you a bill for taxes and penalties.

Re: I received 1099 Misc. for sales but I dont have schedule c

AmeliesUncle — Wed, 05 Aug 2020 18:37:14 GMT

If you sold some things, that is income that needs to be reported on your tax return.

If the selling was a regular or continuous thing, that IS a business that needs to be reported on Schedule C.

As others noted, if you still have questions you need to provide as much detail as possible.

Re: I received 1099 Misc. for sales but I dont have schedule c

Carl — Thu, 06 Aug 2020 21:03:11 GMT

If the income is reported in box 3 or 7 of the 1099-MISC, then as far as the IRS is concerned that "is" self-employment income. There are "rare" exceptions. So what box on the 1099-MISC is the income reported in, and why were you paid that money?