gpguidry
Level 1
07-06-2020
10:28 AM
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Car salesman who gets a w-2 also got a 1099 misc. with an amount in box 3.
Does he need to pay SE tax on this or can it be reported under other income on line 7a?
IRS ruling?
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qbteachmt
Level 15
07-06-2020
10:37 AM
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Who is the payer name on the 1099? What is the reason for the payout? Example:
Prize from the Automobile factory or some honest competition? Box 3 is fine, and that is Other Income.
Or, Bonus from the employer? Box 3 is an error; it should be on the W2 and should have been run through as payroll.
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abctax55
Level 15
07-06-2020
10:43 AM
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You can find your own IRS ruling.... but a good place to start searching would be for "spiffs"
"*******Tax software is no substitute for a professional tax preparer*******
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