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In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
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- Is this misc or sch C income Content Creator for meta Facebook
Is this misc or sch C income Content Creator for meta Facebook
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pbp
Level 3
03-28-2023
07:52 PM
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Has anyone heard of a content creator for meta that is paid by facebook?
I have a client that received 1099 misc income not sure if it is misc or should this go to a schedule C
apparently she creates something and if people look at it she gets paid. Not sure how to handle this any thoughts?
Thanks
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2 Comments 2
Just-Lisa-Now-
Level 15
03-28-2023
08:02 PM
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sounds like compensation for providing a service, Sch C.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
BobKamman
Level 15
03-28-2023
08:29 PM
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Could be a trade or business, and then again, it could be royalty income to report on Schedule E. Which is probably why they issue a MISC and not a NEC. For an interesting discussion of tax treatment for intellectual property, although from 10 years ago, see
https://www.thetaxadviser.com/issues/2013/dec/kelley-dec2013.html
