Ok, I have another situation where a family member got a 1099 M with income reported in the "other income" box.  This was money for sitting with a close family member, paid by the estate.  I am questioning putting this on "other income" on 1040 because she also was in the business of home health care in 2016 and sat with 2 other people.  So I know those other two people goes on the schedule C, just wondering about this 1099-M.  Is payments listed as "other income" in itself enough to argue that it goes on 1040?
							
						
					Another 1099-M 'other income' question
				
					Collapse
				
			
		
	X
- 
	
	
	
	
		
	
	
	
		
	
		
			
				
	
	
	
	
	
	
	
	
	
 Nope. Just because the person filling out the form put it in the wrong box, doesnt mean you also do the same.Ok, I have another situation where a family member got a 1099 M with income reported in the "other income" box. This was money for sitting with a close family member, paid by the estate. I am questioning putting this on "other income" on 1040 because she also was in the business of home health care in 2016 and sat with 2 other people. So I know those other two people goes on the schedule C, just wondering about this 1099-M. Is payments listed as "other income" in itself enough to argue that it goes on 1040?
 
 If they received other 1099's and that it what they do.. then it all goes on the same Sch C
 
 Chris
- 
	
	
	
	
		
	
	
	
		
	
		
			
				
	
	
	
	
	
	
	
	
	
 If she files Sch C for this type of service and was paid by the estate then I would include it as Sch C income.Ok, I have another situation where a family member got a 1099 M with income reported in the "other income" box. This was money for sitting with a close family member, paid by the estate. I am questioning putting this on "other income" on 1040 because she also was in the business of home health care in 2016 and sat with 2 other people. So I know those other two people goes on the schedule C, just wondering about this 1099-M. Is payments listed as "other income" in itself enough to argue that it goes on 1040?Believe nothing you have not personally researched and verified.Comment
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.
Comment