Submitted By: Terry
Answered: July 22, 2014 8:30 am

I worked at the polls for the election and received a Form 1099-MISC. Do I have to file a Schedule C?

No. A Schedule C is required if you are in a trade or business. However, you can report miscellaneous income on line 21 of Form 1040 (“other income”). This miscellaneous income is not subject to self-employment tax.

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Tax Glossary

At-risk rules

Rules limiting loss deductions to cash investments and personal liability notes. An exception for real estate treats certain nonrecourse commercial loans as amounts “at risk.”

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