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June 6, 2019
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1099-c misc why doesn't it carry over from the business income. why do i have to enter it again under personal section

  • June 6, 2019
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Best answer by Coleen3

Is it a 1099-MIsc or 1099-C. They are two completely different things. 1099-Misc is non-employee compensation (if in box 7) and belongs in the Business section on Schedule C.

1099-C is cancellation of debt and is strictly personal.

1 reply

Coleen3Answer
Employee
June 6, 2019

Is it a 1099-MIsc or 1099-C. They are two completely different things. 1099-Misc is non-employee compensation (if in box 7) and belongs in the Business section on Schedule C.

1099-C is cancellation of debt and is strictly personal.