ILLMAS Posted October 10, 2013 Report Posted October 10, 2013 Has anyone ever seen a case like this, TP gets a 1099 for reimbursements therefore resulting in a zero return after you deduct the expenses? MAS Quote
kcjenkins Posted October 10, 2013 Report Posted October 10, 2013 Yes, but in my experience, they never get reimbursed for EVERYTHING. Nor do they always get a 1099. So there is usually not a zero n the bottom line. If it truly is a wash, you might just report it in and back out on Line 21, Marco. But a zero Sch C is OK too. Quote
mcb39 Posted October 10, 2013 Report Posted October 10, 2013 Business use of the home will often create a zero Schedule C. In fact, I am waiting for mileage from one of my extensions and even after I add the mileage, he will still have a zero Sch C; because of the carryforward of OIH. 2 Quote
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