Question

1099M

Forum|Forum|6 years ago
September 30, 2019
1 reply
0 views

I issued a 1099M on income I write off by IRS special code. how do I enter that into my return or do I just write it off in the total expense amount write-off.

VolvoGirl

What? Do you mean a 1099Misc ? One you got or one you gave to someone you paid? What did you pay them for? As an expense for a self employment business?

what is IRS special code?

D

Dhllby1Author

I issued the 1099M to a caregiver working by contract for me for a client that I received payment on a Medicaid Waiver for living in my home. The caregiver worked for me and I issued the 1099M

D

Dhllby1Author

further explanation: I received a 1099M from a LLC Medicaid contract payer on the Medicaid DD Waiver program. The full 1099M amount is declared un-taxable to me by the IRS Difficulty of care code.

Im asking about the amount I paid the caregiver on the 1099m I issued to them...since I'm already able to write the amount off, do I need to list it on my return as income paid on a 1099. I usually list the full amount on Schedule C under other expenses and deduct it off with the IRS Code explanation.