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jdk1652
New Member

I RECEIVE $500 / MONTH FOR USE OF MY PERSONAL VEHICLE. WHERE DO I ENTER THAT INFO FOR TAX PURPOSES?

 
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3 Replies
DanielV01
Expert Alumni

I RECEIVE $500 / MONTH FOR USE OF MY PERSONAL VEHICLE. WHERE DO I ENTER THAT INFO FOR TAX PURPOSES?

Is this through your employer?
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jdk1652
New Member

I RECEIVE $500 / MONTH FOR USE OF MY PERSONAL VEHICLE. WHERE DO I ENTER THAT INFO FOR TAX PURPOSES?

Yes. Automatically every month in lieu of a company car they use to provide. I get a 1099-MISC for $6,000 every year.
DanielV01
Expert Alumni

I RECEIVE $500 / MONTH FOR USE OF MY PERSONAL VEHICLE. WHERE DO I ENTER THAT INFO FOR TAX PURPOSES?

This is not self-employment, but it is taxable to you, because the company is using an "nonqualified" accountable plan.  If they were using a qualified plan, the reimbursement would not be taxable at all.  Please see these instructions on how to enter the 1099-MISC form:  https://ttlc.intuit.com/replies/4770594

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