I received both a 1099-Misc (with the amount in Box 7: Nonemployee compensation) and a W-2 from my current employer. The 1099 is for a sign-on bonus I received in January 2017, while the W-2 has all wages I earned from July 2017 (my start date) onward. I'm trying to sort-out the proper way to enter the 1099. When I try to enter the form, the first prompt asks whether this was from my employer or not. If I select it was a bonus from my employer, I am told to file an SS-8 to determine worker status, which doesn't seem correct. But if I select it is a bonus from NOT my employer then I am prompted to file a Schedule C and asked for a Business Code which makes no since to me as I am NOT an independent contractor or small business owner.
I just want to clarify which I'm supposed to do as both seem kind of odd and complex.
Thanks!
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Please refer to the answer posted by TurboTaxDavidD, CPA on a similar question.
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