Solved

How do I ensure I'm not taxed on reimbursed expenses included in the total on my 1099-MISC? My form only has Box 3 filled out, with a lump sum.

Forum|Forum|7 years ago
June 6, 2019
5 replies
0 views

I saw some answers here relating to Box 7. Mine is blank in Box 7. Is this a mistake? The only Box I have anything in is Box 3. Thanks y'all!

TurboTax Self Employed Online

Best answer by Anita01

If your 1099-MISC income includes expense reimbursements, you enter the total amount from the form as income, then deduct the expenses under the various expense categories that are available. The treatment is the same whether the income is reported in Box 3 or Box 7.

A

Anita01

Employee

What kind of income was reported in Box 3?

A

ardenpennellAuthor

"other income". The company added up all my consulting income AND my expenses into a lump sum.

A

Anita01

Employee

Sounds like self-employment or contracting income?

A

ardenpennellAuthor

Yes, sorry for not being clearer, that's exactly right. Self-employment contracting income. To which they added the roughly $1000 of expenses they also reimbursed me for over the course of the year.

A

Anita01Answer

Employee

If your 1099-MISC income includes expense reimbursements, you enter the total amount from the form as income, then deduct the expenses under the various expense categories that are available. The treatment is the same whether the income is reported in Box 3 or Box 7.