Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-04-2009, 04:51 PM
Junior Member
 
Join Date: Feb 2009
Posts: 1
1099-Misc income

Does 1099-misc income get reported on Schedule C?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 02-04-2009, 05:57 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
If you have any expenses associated with the 1099-Misc, it would be reported on schedule C. Otherwise, if you do not have any expenses associated with the 1099-Misc income, the amount would be reported on Page 1 of the Form 1040 on line 21, income that would be subject to Self-Employment taxes.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #3 (permalink)  
Old 02-04-2009, 06:14 PM
Junior Member
 
Join Date: Feb 2009
Posts: 2
You are correct. It should report on Schedule C



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
1099-Misc income on NJ State return trumpeter27 Income 1 09-21-2008 03:06 PM
1099-Misc Income and IRA sirscott IRA/Sep 2 03-02-2008 02:35 AM
1099-MISC income guidowitz Income 3 02-14-2008 12:07 PM
I omitted some income from a 1099-Misc received in 2005, what should I do? awkan Miscellaneous 1 02-12-2007 07:51 PM
How do I report 1099-Misc Income? dreamiet Sole-Proprietorship 1 01-21-2007 01:23 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.