My wife was working for a local music school teaching lesson for only a couple of months last year. She was paid a total of $120.00 for 2007. The Music store has not sent us a 1099-MISC form. How do I declare this income on my 1040 form? Do I still have to fill out a schedule C and SE Form to declare this income or can I just insert this amount of money as misc. income?
Thanks for you help.
The music school was not required to issue a form 1099-MISC because the aggregate amount paid out was less than $600.
You don’t need to report this on a Schedule C – you can just report it as other income (line 21 on your form 1040).
Like any good lawyer, I need to add a disclaimer: Unfortunately, it is impossible to give comprehensive tax advice over the internet, no matter how well researched or written. Before relying on any information given on this site, contact a tax professional to discuss your particular situation.
Have a question? Ask the taxgirl!Want more taxgirl goodness? Pick your poison: You can receive posts by email, follow me on twitter (@taxgirl) hang out with me on Facebook and check out my YouTube channel.