The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/1099-income-29217910.aspx

Subject:  1099 income Date:  4/5/2011  12:09 AM
Author:  soccerboy Number:  112976 of 121177

My daughter worked in 2010 for several different employers. She got W2's from all except one and they were going to use a 1099 instead of W2.

The 1099 company paid her about $500 in 2010 and deferred her last pay check (approx $120) from December to Jan 2011. She also did some work in Jan 2011 and may do more work there later in 2011. They said that they did not have to issue a 1099 for 2010 since they paid her less than $600 and they'd put both the 2010 and 2011 income on the 1099 they'll issue for 2011.

She has to file for 2010 since she had W2 income from the other employers. Does she ignore the "1099" income earned in 2010 and show it next year on her 2011 tax return? Or does she have to report it as 2010 income even though the employer will not is putting it on her 1099 for 2011?

Hope that's clear! Thanks in advance.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us