ILLMAS Posted April 13, 2015 Report Posted April 13, 2015 TP has the option to receive a cash payment or a trip, she always goes for the trip, the trip is based on her sales (TP is self-employed) is this a line 21 or a Sch C transaction? Thanks MAS Quote
JJStephens Posted April 13, 2015 Report Posted April 13, 2015 Assuming the reward is a sales reward, Pub 334 (see pg 34) indicates it is a Schedule C item. Quote
kcjenkins Posted April 14, 2015 Report Posted April 14, 2015 If it's based on her sales, it's Sch C income and subject to SE tax. Quote
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