1099-NEC

Forum|Forum|4 years ago
March 27, 2022
1 reply
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I received a 1099-NEC. It was the amount my company paid for my company required flight training. It was the cost of the course I had to take. It was paid directly to the the school not to me. Is this taxable, FED and PA? Thanks.

ZoltanB45

Level 9

It was paid directly to the school and gave you the 1099 because you were the beneficiary. You will have to include the 1099, but will be able to write off the cost of the class, which should equal the 1099 amount.

flyjanl3Author

Level 2

How do I write off the cost of the class? I never received an type of invoice from the training center.

JulieS

Level 15

The only thing is, the schedule C requires you to name your company and asks a bunch of financial questions regarding that, but there really is no “company “?

You can choose the option to use your own name and address as the business name and address, which is the correct thing to do in this situation.

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