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| "Redneck" <redneck[at]redneckworkshop.com> wrote: - quote - > A new client owns her school bus, she is paid by the mile
Form 2106 may be appropriate.> for her expenses. The monies are reported to her in the w-2, > not separated. Where on the form 1040 do you deduct the > expenses. Wayne Brasch, CPA, M. S. Taxation << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| redneck[at]redneckworkshop.com (Redneck) wrote: - quote - > A new client owns her school bus, she is paid by the mile
My suspicion is that because they are not giving her a 1099> for her expenses. The monies are reported to her in the w-2, > not separated. Where on the form 1040 do you deduct the > expenses. and because you stated firmly that she is an employee (does she do anything else for them other than drive the school bus?), that she would have to take a Miscellaneous deduction on Schedule A, subject to the 2% AGI Limit. You may need a form 2106 as well. This is my guess, and where I would start, given what you have described. I can't see a way to move this to a Schedule C which would be more straightforward and, I suspect, more beneficial. bex << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| A new client owns her school bus, she is paid by the mile for her expenses. The monies are reported to her in the w-2, not separated. Where on the form 1040 do you deduct the expenses. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| bus, expenses, school |
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