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Not being reported on Sch C. Why isn't system calculating SE tax? Do I need to tag it as subject to SE income somehow/where? thanks! eric j
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Please stick to one post.
Slava Ukraini!
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wrote:
Re: 1099-Misc box 7 non employee compensation not being treated as SE income?
Not being reported on Sch C. Why isn't system calculating SE tax? Do I need to tag it as subject to SE income somehow/where? thanks! eric j
Box 7 should go to Sch C
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Because I can justify why the activity related to the SE income doesn't rise to the level of a trade or business. There is no requirement that SE income must be reported on a Sch C. I avoid including Sch C if possible. thanks
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If its not a trade or business, why would it be subject to SE?
With a 1099MISC and a figure in Box 7, IRS computers will be looking for Sch C, Id put it on there and then mark NO to the QBI question so that its not considered a trade or business.
Im not sure how to make the SE income and Sch SE flow anywhere without the Sch C, sorry.
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Thanks Lisa! I agree that tagging it to the Sch C is the cleanest trail. However, over the years I have reported 1099-Misc as Other Income and included Schedule SE rather than on Sch C without generating IRS CP 2000 notices. I'm not aware of a REQUIREMENT that SE income gets reported on a Schedule C.