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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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PaulaM
Employee Tax Expert

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

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.

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1 Reply
PaulaM
Employee Tax Expert

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

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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