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How do i handle expense reimbursement that was reported on 1099-misc so that we dont pay taxes on it

Forum|Forum|7 years ago
June 6, 2019
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the money was intended to reimburse expenses for work and should not be taxed as income.

Best answer by AmyT

If you have received a 1099-MISC that has reimbursed expenses included in the amount listed in box 7, you should take a deduction for these expenses when you complete your Schedule C.

You can include these expenses either under Supplies or you can list them separately as "Reimbursed expenses" in Other miscellaneous expenses.

A

AmyTAnswer

Employee

If you have received a 1099-MISC that has reimbursed expenses included in the amount listed in box 7, you should take a deduction for these expenses when you complete your Schedule C.

You can include these expenses either under Supplies or you can list them separately as "Reimbursed expenses" in Other miscellaneous expenses.