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Old 02-24-2009, 03:03 PM
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Reporting 1099-Misc for internship

I received a 1099-MISC form in regards to a three-month internship I had. I have no expenses to report, and the income is listed as nonemployee compensation. I don't have my own business and was merely employed for intern-related services. I'm just confused where to list this income and if a Schedule-C form is necessary when I have no receipts or expenses to report.



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Old 02-25-2009, 01:24 PM
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The amount that is reported on your 1099-Misc would be reported on line 21, of the first page of the Form 1040. Also, since you did not pay any social security taxes on this income, you would source this income as being subject to self employment taxes.

Also, you do not have any expenses to offset any portion of this income, this income would generally not be reported on schedule C or Schedule C-EZ!

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