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Wrt 1099 misc form... Non-employee compensation, box 7,

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Customer: non-employee compensation, box 7, includes reimbursement money for miles driven while contracted. should these monies be counted as income, or can I leave them out, and explain the reason for doing so in a statement I attach to my sched. C?
Submitted: 8 months ago.Category: Tax
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4/12/2017
Tax Professional: Robin D., Senior Tax Advisor 4 replied 8 months ago
Robin D.
Robin D., Senior Tax Advisor 4
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Tax Professional: Robin D., Senior Tax Advisor 4 replied 8 months ago

If the reimbursement is added on the 1099MISC then you claim the miles on the Schedule C. In doing that they are subtracted from the Gross and you are not taxed on them.

You do not need to attach a statement, you just report the miles that you were reimbursed for as a an expense.

Please let me know by posting below if you need clarification and so I know you could view the answer. If you do not require more information, a positive 5 star rating is appreciated.

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