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Trucker Taxes Discuss taxes specifically related to truckers and the trucking industry here. Owner Operators have some hard decisions when it comes to tax time, but so do company truck drivers. Give us your hints here! STOP Uncle Sam from ravaging your wallet.

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^ Top   #1   03.09.2009

MysteryRenee Bobtail Member   Last Seen: 03.11.2009 02.58 PM Member Since: Feb 2009 Location: centralia, wa Trucker? No Answer Posts: 11 My Trucking Photos: 0 Thanks: 0 Thanked: 0 Times

1099 misc box 1 rents instead of box 7 nonemployee My driver is an owner/operator. He leases his truck from this company and then turns around and leases his truck to Gordon. Gordon gave him a 1099misc but instead of putting the payments into box 7 for non employees payments ---- they put it in box 1 that says rents. Does this mean I should prepare schedule E instead of schedule C ? Help, cant' seem to get the answer anywhere.

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^ Top   #2   03.09.2009

Roadmedic Truck Forum Supporter   Member Since: Apr 2007 Location: Illinois Trucker? 10 Years Posts: 9,301 My Trucking Photos: 0 Thanks: 720 Thanked: 1,649 Times

Quote: Originally Posted by MysteryRenee My driver is an owner/operator. He leases his truck from this company and then turns around and leases his truck to Gordon. Gordon gave him a 1099misc but instead of putting the payments into box 7 for non employees payments ---- they put it in box 1 that says rents. Does this mean I should prepare schedule E instead of schedule C ? Help, cant' seem to get the answer anywhere. You should get a corrected 1099. However, if not, then report it on the Schedule C. Attach a copy of the 1099 to the schedule c with a signed statement as to the error. It will be accepted with no problem.

^ Top   #3   03.11.2009

MysteryRenee Bobtail Member   Last Seen: 03.11.2009 02.58 PM Member Since: Feb 2009 Location: centralia, wa Trucker? No Answer Posts: 11 My Trucking Photos: 0 Thanks: 0 Thanked: 0 Times

thank you Thank you soo much for your help roadmedic. I really appreciate it -

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