Dave T Posted March 16, 2013 Report Share Posted March 16, 2013 T/P's house three foreign students. They receive 1099 Misc. from the three sponsoring agencies for almsot $ 8,000. Not sure where to show this, Line 21 Other Income, Sch. E as rental, or even possbibly Sch C as they do this on a regular basis although not necessarily with a business intent. T/P tracks mileage when taking them to appointments, etc.so I believe this would be an offset to the income but aagain not sure where to report. Thanks - Dave T Quote Link to comment Share on other sites More sharing options...
MsTabbyKats Posted March 16, 2013 Report Share Posted March 16, 2013 What box is the income in on the 1099-Misc? If box 3...I'd put it on Line 21...and take the expenses on Schedule A. If box 7....I'd do a C...with all the expenses there Quote Link to comment Share on other sites More sharing options...
Dave T Posted March 16, 2013 Author Report Share Posted March 16, 2013 Amounts appear in Box 7 Quote Link to comment Share on other sites More sharing options...
MsTabbyKats Posted March 16, 2013 Report Share Posted March 16, 2013 Then do a C....with all the expenses (food, mileage, soaps etc) Quote Link to comment Share on other sites More sharing options...
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