Announcement

Collapse
No announcement yet.

1099-patr

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    1099-patr

    Form with $12,000 in box 1 and Fed taxes withheld.

    Issued by a co-op as 1099-PATR Div,. evertyhing I can find say's SE tax on income.

    Is there anyway this income is not subject to SE tax. Everything I read say's yes on SE.

    The co-op issueing the 1099 say's line 21 no SE.
    Confucius say:
    He who sits on tack is better off.
    Tags: None
    #2
    What did the client get from Coop? If the goods or services he received were related to biz then the dividend would be subject to SE.

    Comment

      #3
      1099-patr

      He received cash from a cleanning service co-op, he also receives a W-2 working for the co-op.
      Last edited by RLymanC; 04-07-2010, 11:21 AM.
      Confucius say:
      He who sits on tack is better off.

      Comment

        #4
        Patr

        Back of form indicates that if distributions in Block 1 are taxable they should be entered on Schedule F or C or Farm Rental.

        If person receiving distribution is not in business or a farmer I do not see that it would be taxable anywhere.

        Comment

        Previous template Next

        Disclaimer

        Collapse

        This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

        Working...
        X