How do I “nominee” an amount to my employer

Forum|Forum|7 years ago
June 1, 2019
8 replies
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TurboTax Self Employed Online

Best answer by Lisa995

Simply issue the other person a 1099MISC for what you've paid them and that will be included as an expense on your Sch C, and they will claim it as income.

VolvoGirl

Employee

Please explain that more. What's it for?

S

SweetieJean

Employee

Your W-2 employer?

VolvoGirl

Employee

If you are self employed you don't have an "employer". Are you getting reimbursed for expenses or parts you bought?

R

RCBOOTHBYAuthor

Employee

Yes my employer and I shared in commissions from a life insurance company . I was overpaid 50k and had to write a check to my employer. How do I report this payment so that I am not taxed on money I didn't recieve?

T

TaxGuyBill

Employee

How are you being paid from the Life Insurance Company? As an employee with a W-2? Or an Independent Contractor with a 1099-MISC?

R

RCBOOTHBYAuthor

Employee

An independent contractor. 1099Misc.

R

RCBOOTHBYAuthor

Employee

Thanks Lisa appreciate it!

Lisa995Answer

Employee

Simply issue the other person a 1099MISC for what you've paid them and that will be included as an expense on your Sch C, and they will claim it as income.

♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪