"dman81" <danielayala81[at]gmail.com> wrote
- quote -




Income from self-employment, even if not reported to the IRS via a
1099-MISC, gets reported on Schedule C for most business activities.
Schedule C-EZ is for self-employment type income with less than $5k of
expenses.

You can use either form, but you don't need both for the same business
activity.

Also, the net profits will flow to a Schedule SE.




--
Paul A. Thomas, CPA
Athens, Georgia

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I have filed my taxes but I was hoping to do it myself using
TurboTax. I ended up going to a local tax preparer. Any way, my
problem was entering my wife's 1099 MISC, she received this income
pretty much as a contractor on top of her current wages. The way the
preparer ended up reporting it was in schedule C (form 1040). When
comparing this to TurboTax, it has listed the 1099 MISC, Schedule C-
EZ, Schedule C. Are all these necessary?

Can you guys teach me how to properly report this so that next time I
can just use TurboTax? Thanks very much!

Daniel A.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >