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Returning Member
posted May 31, 2019 11:26:39 PM

1099 misc Labor Unions

I am a teacher in a public school. I have been elected to my local union in the role of  treasurer. This come with a small stipend. For this I have received a 1099-misc. TurboTax want to treat this as a business, asking me for the business name and address. This is not a business that I am doing this to serve my fellow union members. How do I enter this? 

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1 Replies
Level 15
May 31, 2019 11:26:43 PM

Although it may be news to you that you “have a business” (and most of the other people who get their first 1099-MISC); The IRS considers anything in box 7 of 1099-MISC to be self employment income. Enter the 1099-Misc income, at Other Common income / income from a 1099-MISC . TurboTax (TT) will complete Schedule C or C-EZ for you and allow you to deduct any expenses associated with this income. You'll also have to pay self employment tax (social security & Medicare) on any "profits" greater than $400. These types of payments are frequently done this way. Your "employer" is not the only one.