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mark30
New Member

How do I exclude 1099-MISC income of $9,800 from self-employment tax because the activity is not regular occurring (ie; did not occur in 2015 and will not occur in 2017)?

 
8 Replies
SweetieJean
Level 15

How do I exclude 1099-MISC income of $9,800 from self-employment tax because the activity is not regular occurring (ie; did not occur in 2015 and will not occur in 2017)?

What type of activity exactly?
Critter
Level 15

How do I exclude 1099-MISC income of $9,800 from self-employment tax because the activity is not regular occurring (ie; did not occur in 2015 and will not occur in 2017)?

A 1099-misc with more than $400 in box 7 is considered Self Employment to the IRS and you must pay SE taxes on it unless you have a really good reason that you don't need to do so even if you only do it in one tax year.
DoninGA
Level 15

How do I exclude 1099-MISC income of $9,800 from self-employment tax because the activity is not regular occurring (ie; did not occur in 2015 and will not occur in 2017)?

Agree...If you enter the $9,800 as Miscellaneous Income and not self-employment income, you will be receiving a letter from the IRS and then have a long conversation on why the IRS is wrong and you are correct.
SweetieJean
Level 15

How do I exclude 1099-MISC income of $9,800 from self-employment tax because the activity is not regular occurring (ie; did not occur in 2015 and will not occur in 2017)?

Right. The IRS is pretty strict on this.
SweetieJean
Level 15

How do I exclude 1099-MISC income of $9,800 from self-employment tax because the activity is not regular occurring (ie; did not occur in 2015 and will not occur in 2017)?

See OP's other post, in which he asks about Section 179. Sure does sound like he's self-employed.
mark30
New Member

How do I exclude 1099-MISC income of $9,800 from self-employment tax because the activity is not regular occurring (ie; did not occur in 2015 and will not occur in 2017)?

It was consulting income.
Critter
Level 15

How do I exclude 1099-MISC income of $9,800 from self-employment tax because the activity is not regular occurring (ie; did not occur in 2015 and will not occur in 2017)?

Sorry pal but you are self employed so you must file a Sch C.
SweetieJean
Level 15

How do I exclude 1099-MISC income of $9,800 from self-employment tax because the activity is not regular occurring (ie; did not occur in 2015 and will not occur in 2017)?

Answered in comments.

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