Question

I have a question about how to file 1099-MISC Form. Do I use Schedule C for 1099-MISC reporting?

Answer

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.

 

Related Topics

Related Resources

Form 1099-G, Certain Government Payments

Most Forms 1099-G are received for unemployment compensation or from state or local income tax refunds. Learn more from the tax experts at H&R Block.

Taxes, Basketball, And Bracketology | 2017 Tax Brackets

What do 2017 federal tax brackets and March Madness have in common? The Tax Institute Director Gil Charney weighs-in. Read more from H&R Block.

What Is Form 1099-G?

If you’ve received unemployment compensation or a state tax refund, you’ll receive Form 1099-G. Learn more about Form 1099-G and how it affects your taxes.

IRS Letter 257C – We Corrected Your Name or Taxpayer Identification Number

The discrepancy between your name and your Taxpayer Identification Number has been corrected. Learn more from the tax experts at H&R Block.