Question: Wyatt who is employed full time as a software engineer, sometimes uses his time and talent to assist worthy causes. In 2017, he helped a
Wyatt who is employed full time as a software engineer, sometimes uses his time and talent to assist worthy causes. In 2017, he helped a local nonprofit organization create a new website. Although his primary objective was to help the organization, the directors insisted on compensating him. He received a Form 1099-MISC from the organization reporting non-employee compensation of $2,800 in box 7. How should Wyatt report this on his tax return? A. As other income on Form 1040, line 21. He should deduct any applicable expenses on Schedule A, B. He should report the income, less applicable expenses, as other income on Form 1040, line 21, C. He should report this as self employment income and deduct any eligible expenses on Schedule C or C-EZ, D. Wyatt does not need to report this income since he performed the work for a nonprofit corporation
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