1396155
You'll need to sign in or create an account to connect with an expert.
If you are not in the business of Poetry Reading you can enter the income so it appears as taxable income to the federal and state but exempt from self-employment tax. Start by deleting the 1099-MISC you have entered.
To delete Form 1099-MISC follow these steps:
To enter your Poetry Reading income these steps.
This will put the income on Schedule 1 Line 8 of your Form 1040, as required by the IRS. You will pay state and federal income tax on the amount, but it will not be subject to self-employment tax.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Naren_Realtor
New Member
Lukas1994
Level 2
ripepi
New Member
anil
New Member
jmgretired
New Member