Mixed Insurance Banners Health Insurance for Visitors to USA

Announcement

Collapse
No announcement yet.

H1B and 1099-MISC

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • H1B and 1099-MISC

    I recently won some prize money from a affiliate website (around $800) and they are sending me a 1099-MISC form. I am on H1-B and I need to know how do I report this money while filing my taxes for this year.

    I believe you need to file Schedule C along with 1040 but just need to confirm with this.

    This is not any income and it's just some contest winning money. Please help!!

    Thanks for your help!
    Onkar

  • #2
    reply

    Can someone please reply this question? I am sincerely looking for some answers.

    Comment


    • #3
      No problems as long as it is not for work rendered by you.

      I am not a lawyer and you need to consult with one to validate any info posted on the forum and discuss your case specifics. H1b Question? Read the FAQ first.

      Comment


      • #4
        1099-misc

        Thanks. So I do need to file in the 1099-MISC along with my W-2 next year which the company sent me right?

        Comment


        • #5
          Yes

          I am not a lawyer and you need to consult with one to validate any info posted on the forum and discuss your case specifics. H1b Question? Read the FAQ first.

          Comment


          • #6
            Originally posted by txh1b View Post
            Yes
            Will this in any way affect my Green Card processing in the future? Please reply. I am a little concerned about this.

            Comment


            • #7
              No. It is similar to the way you declare your gains from any stock, interests, gamblig etc. If you are so very concerned, go talk to a immigration lawyer and a tax law attorney. Pay them $400 each and you will have nothing left from your 1099 and rather be negative after paying tax on the income.

              I am not a lawyer and you need to consult with one to validate any info posted on the forum and discuss your case specifics. H1b Question? Read the FAQ first.

              Comment


              • #8
                Re

                I am not overly worried now that you have anwered the question to my satisfaction. I wouldnt risk my prize money over a immigration lawyer and waste it completely.

                Comment

                {{modal[0].title}}

                X

                {{modal[0].content}}

                {{promo.content}}

                Working...
                X