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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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I have a booth at an antique mall. Which 1099 would I fill

Customer Question

I have a booth at an antique mall. Which 1099 would I fill out for my taxes?
JA: The Accountant will know how to help. Please tell me more so we can help you best.
Customer: Each month the owners of the antique mall subtract 132 dollars for booth rental and %6 for card fees and other costs. I do not handle sales taxes. the owners of the antique mall do that.
JA: Anything else I can tell the Accountant before I connect you two?
Customer: I have been operating in this mall since 4/1/15 and have not always made a profit every month.
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.
Submitted: 6 months ago.
Category: Tax
Expert:  Angie replied 6 months ago.
You won't fill out a 1099 for your taxes. If you wish, you can provide a 1099-misc to the owners of the antique mall with the total amount that you paid in rent in box 1. However, if you plan to issue them a 1099-misc, be aware that it was due by the end of February. What you need to do is file your regular tax return with a schedule C. Your gross income before any expenses is reported in box 1 of the schedule C, then you will list your expenses for rent, card fees, etc. (as well as any other expenses that you incurred) I hope this helps
Customer: replied 6 months ago.
Thank you!
Expert:  Angie replied 6 months ago.
You're very welcome!