keithbarlow1
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- Posted Hey, Hal. Followup, since your link nailed what I do. I w... on Get your taxes done using TurboTax. June 6, 2019 1:07 AM
- Posted Cool, thanks. My boss said not to use that but he also ha... on Get your taxes done using TurboTax. June 6, 2019 1:07 AM
- Posted One of my 1099-MISC is sending me back from the end saying I need to specify Sched C or F. There is no place for that. It's box 7 nonemp comp. A spiff from a vendor on Get your taxes done using TurboTax. June 6, 2019 1:07 AM
June 6, 2019
1:07 AM
Hey, Hal. Followup, since your link nailed what I do. I was in the finance department and the spiff is for selling extended warranties. The company who provides the warranty, our contact there is a CPA and he says it is definitely Sched C income. I read Pub 525 and to me it seems to be a kickback. "You must include kickbacks, side commissions, push money, or similar payments you receive in your income on Schedule 1 (Form 1040), line 21, or on Schedule C (Form 1040) or Schedule C-EZ (Form 1040) if from your self-employment activity." Since I'm not out hustling warranties on the curb, it's part of my job, I don't see how that would be self-employment, so I feel like you're right about it being line 21. So I delete the section when it pops up that self employment needs review, yes?
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June 6, 2019
1:07 AM
Cool, thanks. My boss said not to use that but he also has a cpa and just signs his forms.
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June 6, 2019
1:07 AM
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