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I recieved a 1099-misc for being a delegate to a convention, and it was to cover the expenses and lost wages, where do i enter the expenses?
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I recieved a 1099-misc for being a delegate to a convention, and it was to cover the expenses and lost wages, where do i enter the expenses?
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". TurboTax will help you report it as Business Income on a Schedule C or C-EZ.
To enter your home office, vehicle mileage, supplies and other common business expenses:
- Type “Schedule C” in the Search box.
- Select the “Jump to” link.
- Select Add expenses for this work (or Edit and navigate down to Business Expenses).
Remember to enter 1099-MISC,
1099-K,
cash, and personal check income from your self-employment before you associate
any expenses with your business.
https://ttlc.intuit.com/replies/5559255
- Mark as New
- Bookmark
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I recieved a 1099-misc for being a delegate to a convention, and it was to cover the expenses and lost wages, where do i enter the expenses?
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". TurboTax will help you report it as Business Income on a Schedule C or C-EZ.
To enter your home office, vehicle mileage, supplies and other common business expenses:
- Type “Schedule C” in the Search box.
- Select the “Jump to” link.
- Select Add expenses for this work (or Edit and navigate down to Business Expenses).
Remember to enter 1099-MISC,
1099-K,
cash, and personal check income from your self-employment before you associate
any expenses with your business.
https://ttlc.intuit.com/replies/5559255
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