christopherm 0 #1 January 26, 2003 Okay, worked at DZ last year. I recieved a 1099 for it. Do I HAVE to file self-employment tax?-So, how hard is the ground?! Quote Share this post Link to post Share on other sites
pds 0 #2 January 26, 2003 just indicate it as OTHER INCOME on your regular return. unless that is your only reportable employment.namaste, motherfucker. Quote Share this post Link to post Share on other sites
pds 0 #3 January 26, 2003 also, if less than 600, dont worry about it.namaste, motherfucker. Quote Share this post Link to post Share on other sites
christopherm 0 #4 January 26, 2003 It says to NOT report any amount in the Other Income box from 1099-MISC box 7, non-employment compensation. Is there a way around this?-So, how hard is the ground?! Quote Share this post Link to post Share on other sites
CrazyIvan 0 #5 January 26, 2003 Well, the beauty of a 1099 is that you can WRITE-OFF a lot of things, trust me, I suggest you talk to an accountant about that.__________________________________________ Blue Skies and May the Force be with you. Quote Share this post Link to post Share on other sites
christopherm 0 #6 January 26, 2003 If 99% of my income was from packing but I made one coach jump and did like three videos at the end of the year, can I itemize things like my original training, gear, etc.? Also do I have to have records for mileage to deduct them?-So, how hard is the ground?! Quote Share this post Link to post Share on other sites
gemini 0 #7 January 26, 2003 If it was reported on the 1099, you have to report it on your return or the IRS will send you a bill for the tax on the amount. If the 1099-MISC was used and the amount was reported as non-employee compensation, it is subject to employment taxes as well. As PDS mentioned however, why not become a professional skydiver? This would allow you to deduct your skydiving expenses. It would help if you are on a team, or an instructor. If you were a manifest, loading, or packer contractor it will be a little more difficult to support, but it can be done. Just remember to show a profit every 2 out of 5 years and your should be home free. Blue skies, Jim Quote Share this post Link to post Share on other sites
