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June 6, 2019
Question

Is interest earned on a sch C business subject to employment tax? 1099-INT has the business EIN. If not, where is it entered instead of Other Income on Schedule C?

  • June 6, 2019
  • 1 reply
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1 reply

Employee
June 6, 2019

Yes, it's subject to self-employment tax since it's income received by the business, and it's entered as Other Income on Schedule C..

kdianneAuthor
June 6, 2019
Even if the interest was bank interest?  Just clarifying since I forgot to add that information in my question.