My employer contracted me out to another business to do computer training and gave me a 1099-MISC. I billed my employer $2000 which is included in box 7 (non-employee comp)on the 1099. That part seems ok. However, I also go to company sponsored meetings and am reimbursed for my mileage. My employer lumped in the mileage ($400) on the same 1099. So, box 7 reads: $2400. Since the mileage is a reimbursement, should I deduct $400 worth of mileage on the Schedule C? I don't see why I should pay tax on a reimbursement and for something I could normally deduct. Any thoughts on how to go about this? Thanks!
2007-01-17 12:22:03 · 3 answers · asked by TECH 5 in Business & Finance ➔ Taxes ➔ United States
Adding on...I do have a mileage log, so I know exactly how many miles I traveled to my company meetings.
2007-01-17 13:54:46 · update #1
I assume that you have a mileage log. You would deduct the mileage on your schedule C at 44.5 cents per mile, no matter what the rate is that you were reimbursed.
2007-01-17 13:38:22 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
Deduct it on schedule C or 2106 unreimbursed business expenses
2007-01-17 20:25:48 · answer #2 · answered by mortgagelns 3 · 0⤊ 1⤋
you need to put that on a Schedule C form which could be found on expresstaxrefund.com
2007-01-18 15:34:20 · answer #3 · answered by mark 1 · 0⤊ 0⤋