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Is a schedule C required when 1099's are received even if I…

Is a schedule C required...
Is a schedule C required when 1099's are received even if I am not going to itemize? I have two 1099's for 2017 but only made about $2000 combined and really don't have any deductions and the online tax prep software won't let me complete my taxes without a schedule C, and of course, an extra $75.
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Answered in 1 minute by:
3/18/2018
Tax.appeal.168
Tax.appeal.168, Tax Accountant
Category: Tax
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Experience: 3+ decades of varied tax industry exp. Tax Biz owner
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What did you receive the 1099s for? Was it for work that you did as an Independent Contractor, or for a one time job?

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Customer reply replied 4 months ago
both were independent contractor

As an independent contractor, you are required to complete the Schedule C. One of the reasons is because as an independent contractor, you are required to pay self employment tax.

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Generally, if you're an independent contractor you're considered self-employed and should report your income (nonemployee compensation) on Schedule C (Form 1040), Profit or Loss From Business (Sole Proprietorship), or Schedule C-EZ (Form 1040), Net Profit From Business (Sole Proprietorship). Most self-employed individuals will need to pay self-employment tax (comprised of social security and Medicare taxes) if their income (net earnings from self-employment) is $400 or more. Use Schedule SE (Form 1040), Self-Employment Tax, to figure the tax due.

REFERENCE SOURCE:

https://www.irs.gov/faqs/small-business-self-employed-other-business/form-1099-misc-independent-contractors/form-1099-misc-independent-contractors-1

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Customer reply replied 4 months ago
This would include working for only one company at a time, in my own name, simply on a commission basis? (essentially a non-employee salesperson)

Unless a person is working without pay, they are either one or the other, an employee or an independent contractor. It does not matter what type of work you were doing or whether the pay were wages or commission, you are required to complete the Schedule C.

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