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How do I enter a 1099 MISC from my current employer if I don't actually own/run my own business? It was for my intro period when I was hired but paid as contracted labor
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How do I enter a 1099 MISC from my current employer if I don't actually own/run my own business? It was for my intro period when I was hired but paid as contracted labor
You need to include your income from your contract labor on a Schedule C. You can also deduct any expenses related to earning the contract labor income on your Schedule C. When you receive a Form 1099-MISC for work you have done, the IRS considers this self-employment income.
You can check out this link to a TurboTax FAQ for more details on reporting this income: Where do I enter Schedule C?
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How do I enter a 1099 MISC from my current employer if I don't actually own/run my own business? It was for my intro period when I was hired but paid as contracted labor
You need to include your income from your contract labor on a Schedule C. You can also deduct any expenses related to earning the contract labor income on your Schedule C. When you receive a Form 1099-MISC for work you have done, the IRS considers this self-employment income.
You can check out this link to a TurboTax FAQ for more details on reporting this income: Where do I enter Schedule C?
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How do I enter a 1099 MISC from my current employer if I don't actually own/run my own business? It was for my intro period when I was hired but paid as contracted labor
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How do I enter a 1099 MISC from my current employer if I don't actually own/run my own business? It was for my intro period when I was hired but paid as contracted labor
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How do I enter a 1099 MISC from my current employer if I don't actually own/run my own business? It was for my intro period when I was hired but paid as contracted labor
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How do I enter a 1099 MISC from my current employer if I don't actually own/run my own business? It was for my intro period when I was hired but paid as contracted labor
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