Questions tagged [form-1099-misc]

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1099-Misc Box 3 Other Income

I am retired and receive a small amount from a family trust for which I am a trustee. When I was working I had more than enough earned income to make the maximun IRA and Spousal IRA contributions ...
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76 views

How to deduct subway commuting and rent as a part-time remote contractor on a 1099-MISC?

I am working on a 1099-MISC as a consultant to a tech company. As an independent contractor, I decide the locations from where I provide my services. Most of the time, I am on site at the business ...
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1answer
187 views

With which state/s must the payer file Form 1099-MISC?

I'm the president of a C corporation that's incorporated in Delaware. The C corp is physically located in Connecticut (where I live and work). My cofounder lives & works in Colorado. So, we have ...
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214 views

Can earnings reported in boxes 3 or 7 on a 1099-misc be contributed toward an IRA?

I'm trying to understand the 2017 IRA contribution limit as it relates to income reported in boxes 3 "other income" and 7 "Nonemployee compensation" on the 1099-misc. This is money paid to a graduate ...
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52 views

1099-MISC and state file taxes

I received 1099-misc for a work from home part-time job for $6,500. No state taxes were withheld. I'm located in Maryland and the employer is in Connecticut. Am I supposed to file state taxes for ...
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148 views

Report KDP royalties on Schedule C or Schedule E?

I have some royalty income from selling an eBook on Amazon through Kindle Direct Publishing. I received a 1099-MISC for this income, which is listed in Box 2 "Royalties". It is my understanding that ...
2
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137 views

Received check and 1099-MISC in different years

When reporting on a cash basis for Schedule C: what if a check arrives late in a year, but the matching 1099-MISC was issued for the prior year? In other words, what if a client issues the 1099-MISC ...
0
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1answer
29 views

1099-MISC for dependent

My 16-yo (dependent in my returns) won a science fair competition in May 2019 and received a check for $2000. Last week we received a 1099-MISC with that amount in Box 3. How should I handle filing ...
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25 views

W-9 requirements for product vs service provided

As a company, would we need to obtain a W-9 (& file a 1099) from an individual that we purchased a horse or a horse trailer from?
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1answer
177 views

1099-Misc Box 3 income that maybe should be Box 7

As my main job, I am a college math professor (W2 wages). Last summer (2018), independent of my main employer, I worked teaching math to high school students and was paid 10K for it. I received a 1099-...
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200 views

Do I need to 1099 my attorney in a settlement that paid the attorney directly?

Do I need to send my attorney a 1099 if they were paid directly in a settlement but I got a 1099-Misc box 3 (other income) from the other party who paid the attorney the full amount of the settlement (...
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1k views

How to report a 1099-MISC in a Qualified Joint Venture

"A qualified joint venture is a joint venture involving the conduct of a trade or business, if (1) the only members of the joint venture are a husband and wife, (2) both spouses materially participate ...
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93 views

How to report 1099 Misc income while working for a different employer

I was in a company A, which got acquired in 2012. All the stocks I owned were vested immediately and 10% of the amount was kept by the acquiring company for 18 months. I left the company and joined ...