42004
I got a mail from IRS saying that I may be liable for self-employment tax. This is from 1099-MISC income $40,200 which I got from commission refund of buying house which is a one time thing. How do I explain that I am not liable for self-employment tax.
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The
IRS considers anything in box
7 of 1099-MISC to be self employment income. It's up to you to prove to them it was anything else. Start by writing back to the IRS explaining the circumstances. Attach copies of any documentation you have (closing statement?).
The
IRS considers anything in box
7 of 1099-MISC to be self employment income. It's up to you to prove to them it was anything else. Start by writing back to the IRS explaining the circumstances. Attach copies of any documentation you have (closing statement?).
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