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    1099-Misc

    Derf
    Level 1

    Is there a way to report $63 of income reported on a 1099-Misc without using schedule C?

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    5 Comments 5
    Just-Lisa-Now-
    Level 15
    Level 15

    Use the 1099MISC worksheet and mark the Other Income box?


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    qbteachmt
    Level 15

    What box is that for the 1099-Misc? Because some boxes have a $10 minimum and some have $600, and that seems odd that they reported Box 7 at $63, for instance.

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    Lani1
    Level 2

    Other income would be fine since it's under $400 and there would be no self-employment tax on that small amount anyway.

    TaxGuyBill
    Level 15

    You should be concerned about how to properly report it, not how to avoid filing certain Schedules.

    If it is a business, it belongs on Schedule C.  If it is not a business and just miscellaneous income, it belongs as "other income" (whatever the Line is now, it used to be Line 21).

    If it something else (rent or whatever else), it may need to go elsewhere.

    If the 1099-MISC reports the income in Box 7 AND if it NOT actually a business, you may consider reporting it on Schedule C, then "back it out" with an equal deduction (to net zero income/loss)".  Then report it where it belongs.  That will avoid an IRS notice.

    qbteachmt
    Level 15

    I don't see where the question as to which box this is entered into, got answered. That's really an important piece of information, if you want specific answers from the peer users you asked for help.

    But, if you just want to do "whatever," then it doesn't matter which box. You are the professional preparer...

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