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Got paid under table. I never received anything from them.
I made about $1,500 and to make a report it says that I need 1099-MISC. I have just given them my money. How do I add this to my taxes?
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Got paid under table. I never received anything from them.
If this is business income you don't need a Form 1099. Self-employment income should be based on your records. The Forms 1099 are primarily for the IRS, and only a reminder to you.
Such payments are reported as business income. Once entered, TurboTax will automatically compute a Schedule C (Net Profit from Business) and, if appropriate, a Schedule SE for self-employment tax. Note that the program has two categories when entering business income:
1. 1099-Misc Income
2. General Income
If you don’t have a Form 1099-Misc, you would enter the income under the second category.
(Note: Among the on-line versions of TurboTax, only the Self—employed version will prepare business schedules.)
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