Where do I report income from 1099-MISC forms?
April 14, 2004
Subject: 1099-MISC question
From: Barbara
Date: Fri, 2 Apr 2004
Dear Mike,
I work in computer sales for a PC components distributor. I have received two 1099-MISC forms -- one from a vendor who gives us commission money in the form of cash, the other from a vendor on whose website I had won prizes/awards that exceed $600. Where do I report the income from these 1099 forms?
Thank you for your time,
Barbara
San Jose
Answer
Date: Fri, 2 Apr 2004
Hello Barbara,
The commissions should probably be reported on Schedule C. As an "independent contractor" receiving commissions, you are considered to have a trade or business. The prizes should be reported as "other income" on line 21 of Form 1040.
Good luck!
Mike Gray
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