I have a question about how to file 1099-MISC Form. Do I use Schedule C for 1099-MISC reporting?
Regarding how to file 1099-MISC Form and Schedule C for 1099-MISC, use Schedule C to report income or loss from either of these:
- A business you operated
- A profession you practiced as a sole proprietor
An activity qualifies as a business if both of these are true:
- Your primary purpose for engaging in the activity is for income or profit.
- You’re involved in the activity with continuity and regularity.
Use Form 1040, Line 21 to report income or loss from an activity or a hobby that isn’t a business.