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Level 2
posted Aug 25, 2018 1:53:38 PM

1099 misc income

My collection of 1099 Forms has the gross income at $249,000.00 for 2017.  Only $69,000 is income and the balance is for reimbursable expenses.  Where should the reimbursable amounts be listed?

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1 Replies
Level 15
Aug 25, 2018 6:36:17 PM

This DOES NOT APPLY TO A 2018 TAX RETURN!

All 1099-MISC income with an amount in box 3 or box 7 is all reported as taxable income. Period.

Then you separately claim those job related expenses as such. Now how and where you do that depends on your situation. Are you self-employed and report your business income on a SCH C as a part of your personal 1040 tax return? (and that's what the reimbursement is for?)
Or were you reimbursed as a W-2 employee?