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posted Jun 1, 2019 10:37:43 AM

I did temp work for a company earlier in 2018, have a 1099-Misc. I am not sure how to answer questions asking me about my personal business, I do not own. How to answer?

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Level 15
Jun 1, 2019 10:37:45 AM

If you did work as an independent contractor and got a 1099-MISC, you do own a business. You are the business. You are in business for yourself, or self-employed. Those are all different terms for the same thing. The company that you did the work for is your customer. You enter the 1099-MISC income as business income. You use your own name as your business name, and your home address as your business address. You use the cash accounting method.

1 Replies
Level 15
Jun 1, 2019 10:37:45 AM

If you did work as an independent contractor and got a 1099-MISC, you do own a business. You are the business. You are in business for yourself, or self-employed. Those are all different terms for the same thing. The company that you did the work for is your customer. You enter the 1099-MISC income as business income. You use your own name as your business name, and your home address as your business address. You use the cash accounting method.