If I got a 1099 do I have to file schedule c

Forum|Forum|6 years ago
June 7, 2019
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TurboTax Self Employed Online

MichaelDC

Employee

It depends on which Box of the 1099-MISC the income is reported. If you have "Non-employee compensation" (Box 7 of a 1099-MISC), according to the IRS it is considered income from self-employment. You are considered to have a self-employed "business" and you are the "owner". TurboTax will help you report it as Business Income on a Schedule C or C-EZ.

If you have only income from self-employment and no expenses, there is no need to upgrade from Deluxe. If you do have expenses, however, that will trigger an upgrade to the TurboTax Self-Employed edition.

You may be able to deduct business expenses directly from that income.

TurboTax will guide you through the entries of your "business".

How to get there:

1. type Schedule C in the Search Box at the top of the screen (you may see a magnifying glass there).

2. Click Jump to Schedule C.

Follow through the interview in the Business section. You'll notice blue links that have more information and details about the particular sections that will be extremely helpful.

This may also be helpful:

https://ttlc.intuit.com/replies/5559255

Tckec13

My employer does not take out taxes. I am not a contractor or self employed.

Carl11_2

Employee

My employer does not take out taxes. I am not a contractor or self employed.

Regardless of what you or I may think or want, if your have a 1099-MISC with income reported in box 7, then as far as the IRS is concerned it's self-employment income. There are rare exceptions. But your reference to "my employer" indicates you don't come anywhere close to an exception.

The income must be reported on SCH C as self-employed income. If the amount is more than $400 then in addition to regular taxes on that specific income, you will also pay a 15.3% self-employment tax. The SE tax is basically the employer side of social security and Medicare. So in a sense, all you're doing with the SE tax is paying your future self.

adamgfloro

If you think your employer has reported your taxes incorrectly, fill out IRS Form 3949-A as soon as possible and send it in. They will do an investigation. You are *NOT* "self-employed as far as the IRS is concerned". Do your taxes as if they gave you a W-2, and select the option that says you are estimating your income. If you have other employment options available, get another job, and sue your current, soon to be former, employer for the back taxes that you owe.