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cswatek62
New Member

I have a 1099-MISC from a non-profit organization. I don't have it because I was self-employed. How do I file this without being 'self-employed'

 
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1 Reply
MichaelDC
New Member

I have a 1099-MISC from a non-profit organization. I don't have it because I was self-employed. How do I file this without being 'self-employed'

Unfortunately, that may be hard to do. If you have "Non-employee compensation" (Box 7 of a 1099-MISC), according to the IRS it is considered income from self-employment. You are considered to have a self-employed "business" and you are the "owner". 

If it is a Box 7 amount, reporting it any other way may get you a letter later on this year.

Unless the non-profit is willing to change it (unlikely), it would be important to add to you TurboTax file exactly as it's written on paper.

TurboTax will help you report it as Business Income on a Schedule C or C-EZ.  If you have only income from self-employment and no expenses, there is no need to upgrade from Deluxe.

Expenses, however, could reduce your total income and overall tax bill. Including SE tax (social security/medicare tax) of 15% and a 15% tax rate, $280 of expenses would save you around $84 in taxes. At 25% tax bracket, it would mean a $112 saving, and so on.

This may be helpful:

https://ttlc.intuit.com/replies/5559255


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