Solved

I am a 1099 contractor working for 1 company all of 2017. They put my mileage reimbursement in my check. Will this count toward AGI and put me over for EIC.single 2 kids

Forum|Forum|7 years ago
June 3, 2019
4 replies
0 views

No text available

TurboTax Deluxe Android

Best answer by TaxGuyBill

As VolvoGirl pointed out, if they added to your income (which they probably should not have), that just means you can deduct it as a business expense.

The 'net result' will be the same, so it should not affect AGI or EIC.

X

xmasbaby0

Employee

We cannot answer that question. We cannot see any of the figures you have to enter on your tax return. Make sure you enter all of your expenses in a schedule C.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

L

lablueeyes75Author

Is mileage income counted as taxable income?

VolvoGirl

Employee

Only the Net Profit on schedule C. You enter the whole 1099Misc as income and then you can deduct your vehicle expenses on schedule C. Maybe it will wash out the mileage.

T

TaxGuyBillAnswer

Employee

As VolvoGirl pointed out, if they added to your income (which they probably should not have), that just means you can deduct it as a business expense.

The 'net result' will be the same, so it should not affect AGI or EIC.