1099misc expenses

[joanne730204]

I've enter my 1099 misc under business section, do I need to enter the related expenses again under personal deductions sections since I've asked?

[Texas Roger · Accepted solution]

Expenses related to your 1099-MISC income are only entered in the business section.

[patroche99]

I was in a clinical trial and received a stipend for participating.  I had travel expenses to get to the place of the trial.  I received a 1099-misc for the stipend.  When I entered the data from the 1099 Misc Turbotax said you can get deduction for any expenses and we'll handle that later.  I never hit a spot where it asked me for those expenses.  Your response to the previous question was that those expenses need to be entered in "the business section".  Where is that business section?  I don't see it in the areas listed in the deductions section.

[Cynthiad66]

No expense deduction is allowed for this type of income.  Expenses would be allowed if this is a business or self-employment.  Form 1099MISC reports this as "Other Income".

Since you receive a Form 1099-MISC , it is entered under the Wages and Income tab

• Check for More Income and See All Income
• Click on Show More then  Start beside Other Common Income by the icon of the green money bag
• Click on Start by Form 1099-MISC.
• Enter Form 1099-MISC information.  Make sure you enter the amount in Block 3
• under source of other income, select "other income"
• "none of the above, show me other options"
• [You] were in a research study and this was payment,
• you did not perform a service to earn the money.

The IRS requires research institutions to report compensation to clinical trial participants if the amount is $600 or more a year. Your study site will send you IRS Form 1099 as a record of this payment for you to include with your tax return. Reimbursement of expenses is not considered compensation.

Income for participating in a clinical trial or medical study is taxable.  If the activity is infrequent, the income would not be self-employment income.  The IRS discussed that position in the Internal Revenue Service's Private Letter Ruling 9106004 regarding a participant in a medical study per @TeresaM.

@patroche99