Skip to main content
May 22, 2020
Question

I have a 1099 MISC, I don't know where to enter # 7 , this is not my business

  • May 22, 2020
  • 2 replies
  • 0 views
I only have question #7 and payers tin

2 replies

DoninGA
Employee
May 22, 2020

Why did you receive the Form 1099-MISC?  Was it for worked performed or for something else?

Hal_Al
Employee
May 22, 2020

Although it may be news to you that you “have a business” (and most of the other people who get their first 1099-MISC); The IRS considers anything in box 7 of 1099-MISC to be self employment income. Enter the 1099-Misc income, at Other Common income / income from a 1099-MISC . TurboTax (TT) will complete Schedule C or C-EZ for you and allow you to deduct any expenses associated with this income. You'll also have to pay self employment tax (social security & Medicare) on any profits greater than $400. These types of payments are frequently done this way. Your "employer" is not the only one.