Hello. Do I include 1099 misc. in gross revenue and as reported 1099 misc. income? Or do I deduct 1099 misc income from gross revenue
deduct 1099 misc. from gross revenue and then add to 1099 misc. section? I don't want to falsely increase gross earnings.
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1 Best answer
PaulaM
Employee Tax Expert
Jun 4, 2019 10:58:05 PM
Include the 1099-MISC for your business in its own category, separate from the General Income category. On the schedule C, the gross receipts will be reported on line 1a and the income reported on a 1099-MISC will flow to 1b. Then summed together.
1 Replies
PaulaM
Employee Tax Expert
Jun 4, 2019 10:58:05 PM
Include the 1099-MISC for your business in its own category, separate from the General Income category. On the schedule C, the gross receipts will be reported on line 1a and the income reported on a 1099-MISC will flow to 1b. Then summed together.