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How do I file my 1099-misc form?

I received money to attend a summer seminar at a university through the National Endowment for the Humanities. It was for teachers. They gave the money to the school and they in turn gave it to me. They sent me a 1099-misc tax form and listed the money under non-employee compensation. Is this right? Ive talked to other people in my group and they say I shouldn't have a problem filing but my CPA says that it could cost me up to $300 in taxes because the form is basically saying I worked for them when in fact I was actually studying. Do I have to report it on a schedule C or when I file can I post it as other income? Any advice would be greatly appreciated!!

Reply to
Teach14
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I'm guessing this was around $3900 for a summer seminar. You are not required to perform services for the summer seminar programs of the NEH. As such, it is not self-employment income. However, it is taxable gross income that has to be reported on Line 21 Other Income of your Form

1040. As you are a teacher (I'll assume as an employee.) you can treat your out of pocket expenses for attending the seminar as unreimbursed employee business expenses. To obtain a tax benefit for this, you would first have to itemize your deductions on Schedule A and complete Form 2106 to calculate your allowable expenses. The Form 2106 total will flow to Line 21 of the Schedule A. Lines 21, 22 and 23 on the Schedule A will only be deductible to the extent that the total exceeds 2% of your AGI.

Typical expenses you would have incurred to attend (assuming you were traveling away from home) would include travel to and back, lodging, meals, laundry and cleaning and possibly local transportation. See the instructions for the 2106.

Reply to
Alan

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