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I have a client with income on box 7 of a form 1099-misc. He expects to pay tax on it as Other Income but not as Self Employment income. How do I report it on the 1040?

 
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Best answer 04-10-2019

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Re: I have a client with income on box 7 of a form 1099-misc. He expects to pay tax on it as Other Income but not as Self Employment income. How do I report it on the 1040?

By definition box 7 means he did something for another business and it is fully taxable as his income, SE tax included.  Working for anther company as an independent contractor is taxable

 

Box 3 is other income

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Anonymous
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Re: I have a client with income on box 7 of a form 1099-misc. He expects to pay tax on it as Othe...

Hi there, fpeckcpa.


The 1040 form is currently unsupported in QuickBooks Online. For questions on how to report income or information on this form, we’d recommend reaching out to the IRS. 

 

For further information about the forms that QuickBooks currently support, please refer to this article:
https://community.intuit.com/articles/1433511-supported-taxes-and-forms.

 

Also, you can check this IRS instruction for form 1099-MISC for further information about the 1099 box 7. 


We're always here to lend you a hand so please don't hesitate to drop by again if you have other concerns about QuickBooks. 
 

Established Community Backer ***

Re: I have a client with income on box 7 of a form 1099-misc. He expects to pay tax on it as Other Income but not as Self Employment income. How do I report it on the 1040?

By definition box 7 means he did something for another business and it is fully taxable as his income, SE tax included.  Working for anther company as an independent contractor is taxable

 

Box 3 is other income

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Re: I have a client with income on box 7 of a form 1099-misc. He expects to pay tax on it as Other Income but not as Self Employment income. How do I report it on the 1040?

Thank you Rustler.

Not applicable

Re: I have a client with income on box 7 of a form 1099-misc. He expects to pay tax on it as Other Income but not as Self Employment income. How do I report it on the 1040?

Thank you Rustler

Established Community Backer ***

Re: I have a client with income on box 7 of a form 1099-misc. He expects to pay tax on it as Other Income but not as Self Employment income. How do I report it on the 1040?

You're Welcome

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