Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-19-2010, 02:26 PM
Junior Member
Join Date: Feb 2010
Posts: 2

OK so we received 2 1099s this year.

1 for a scholarship and 1 because my husband plays in a band.

For the scholarship, they reported the amount in box 7 "Non-employee Income". When I was doing my taxes through Turbo-tax it stated that since I didn't perform services for this then they should have reported it in Box 3. I called the college and they said that I technically did perform services as I particapated in an academic team and the money I received was my "prize". So now my question is, am I going to have to fill out all of those forms that make it look like I'm self-employed and will I have to pay all of those taxes for it? Should the college have actually reported the amount in box 3?

In regards to the other 1099, my husband plays in a band so he did perform services for it although we don't consider him "self-employed" yet Turbo-tax is making me fill out all of the self-employment forms. I'm just using his band-name as the business name and our address as the business address and all that - is that right? I was hoping to make some deductions due to expenses such as the gas it took to get to the shows and maybe even perhaps the PA equiment my husband bought last year but Turbo tax isn't asking for those things. Am I allowed to claim the expenses?

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
1099-Misc help please!!! emlila822 Income 0 02-12-2010 01:12 PM
1099-MISC Box 7 fire702fighter Income 0 02-06-2010 03:17 PM
1099 Misc jewels Filing Requirements 0 04-03-2009 07:50 PM
1099-Misc samantharg Income 1 04-03-2009 01:46 PM
1099-misc Jaduexclens Income 1 02-22-2008 07:23 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning