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Angie, Tax Preparer
Category: Tax
Satisfied Customers: 225
Experience:  Bookkeeping, Profit and Loss, Balance SheetsAll types of US Taxes, Tennessee taxes, Personal, business, payroll, sales tax etc.
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JA: . What do you want help with? Customer: i received

Customer Question

JA: Hi. What do you want help with?
Customer: i received a 1099 misc box 3
JA: The Accountant will know how to help. Please tell me more so we can help you best.
Customer: i'm in sales and marketing
JA: Anything else I can tell the Accountant before I connect you two?
Customer: can i report my expenses on 2106?
JA: I'm sending you to a secure page on JustAnswer so you can place the $5 fully refundable deposit now. While you're filling out that form, I'll tell the Accountant about your situation and connect you two.
Customer: usually in the past jobs i was receiving a 1099 misc box 7
Submitted: 6 months ago.
Category: Tax
Expert:  Angie replied 6 months ago.
Hi! I'm happy to help you with your question. You can report the expenses for the 1099-Misc that you received with the total in box 3 the same way that you report them as if they were in box 7.Your tax software should let you link this amount to your schedule C. If it does is not vital that the 1099 be entered as long as you report the income. Alternately... You can report the income from this particular 1099-Misc as "Other income" which is not subject to self employment tax. It appears on line 21 of the 1040. If you wish to claim expenses against this I recommend using the schedule C. The 2106 is for unreimbursed employee receiving a are not considered an employee.
Expert:  Angie replied 6 months ago.
I hope this information was helpful. Please take a moment to rate my service.
Expert:  Angie replied 6 months ago.
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