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04-16-2018 07:36 PM
I was in direct sales and I am also an online teacher. I have received a 1099-MISC for both, what are they considered? Are Independent Contractors and small business's one in the same?
H&R block automatically created a "Self-employment or business income (Schedule C)" in the "My Income" tab. Is this supposed to happen? There is already the 1099-MISC form I created where all expenses and such are reported. If I delete one, will it delete the other?
Thanks for the help!
Solved! Go to Solution.
04-16-2018 08:04 PM
Hello, sjd715, and welcome to the community.
Form the viewpoint of the IRS, an independent contractor and a small business owner are the same - both are categorized as being self-employed. Since you entered information from a 1099-MISC (I'm guessing with a number in box 7, non-employee income), the numbers from that would find their way to a Schedule C, so the program is doing the right thing by adding that form to your return.
Hope that helps clear things up for you!
04-17-2018 12:17 AM
To elaborate on KurtH's response, these sound like two different "jobs"/businesses so you should report them on two separate Schedule Cs. One for the online teacher income with the expenses associated with that, and a second with the direct sales income and expenses associated with that.