Hello and thank you for using Just AnswerIf you received the 1099MISC the amount should be listed in Box 3 as Other Income. You will be required to add this to your return for the year you receive the 1099MISC. You will enter it on Line 21 of your 1040. If by some chance they enter the amount onthe 1099MISC under Box 7 as Nonemployee Compensation enter it on Line 21 of your 1040 but do not apply Self Employment.The $2000 will be added to your other income for the year.
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But what happen about the 175 000 that making me crazy thinking about
I need pay the taxes from this amount? this is income?
What amount is going to be on the 1099MISC
Are two letters one for the 2000 and other for 175000.
Just the $2000 or is the total amount $175000 on the 1099MISC
are two letters
Did you lose the case and the county is charging you for the amount they spent to represent themselves
I dont take off this money from my pocket I dont understand why I should be pay tax fees
I win the case vs county. the county paid my attorney that represent me. the 175000 last year
The the $175000 is used as attorney fees on your Schedule A as a deduction
You will not pay tax on that portion
then I will not pay nothing or just a part from this? or how is working? or for be deduction I will get refund when this year my unemployed was around 3000 plus Im middle divorce and my wife file taxes like marry but separated then how can works for me?
3000 was my total income and was from unemployed
You will report it all on your return but will also file the Schedule A to show the attorney fees. You must report the unemployment too as income. You will file Married Filing Separate too if that is what your spouse did.
this means I can get refund or I will pay?
I do not know if you will get a refund or not. It will depend on your total return information and other items that you can use on your Schedule A and also how much withholding you had.
If you did not have anything withheld tthen you will not recieve any refund
You can always come back to this CHAT even after you click ACCEPT
but I need pay about this fee?
You need to report it all and then deduct using the Schedule A, you will report the $2000 too You may have no tax liability when you complete the return based on exemptions and deductions
Ok if I got doubt I will back :) thanks
Thank you for clicking accept on thsi session