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Subject Author Date
1099-misc income tj88 02-03-2008
Posted by tj88 on February 3, 2008, 2:15 pm
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 I have a disabled room mate who qualifies for rent assistance from the
county in which we live. I receive $100 monthly in my name from the
county. The county sent me a 1099-misc at the end of the year reporting
$900 of income to me. Do I have to report this as other income on my form
1040 or can I write it off some how?

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Posted by Arthur Kamlet on February 3, 2008, 7:57 pm
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>I have a disabled room mate who qualifies for rent assistance from the
>county in which we live. I receive $100 monthly in my name from the
>county. The county sent me a 1099-misc at the end of the year reporting
>$900 of income to me. Do I have to report this as other income on my form
>1040 or can I write it off some how?


I assume the 1099 reports this as Rent?


If that is reasonable fair market rental for the unit you are
renting, report the income on schedule E and take your expenses
also on that schedule.



But if the $100 is far less than fair market rental, report the income
on form 1040 line 21 and any expenses, not to exceed this income, on
schedule A as a miscellaneous deduction subject to reduction by
2% of AGI.


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ArtKamlet at a o l dot c o m Columbus OH K2PZH

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<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by D. Stussy on February 4, 2008, 4:24 pm
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> In article
> >I have a disabled room mate who qualifies for rent assistance from the
> >county in which we live. I receive $100 monthly in my name from the
> >county. The county sent me a 1099-misc at the end of the year reporting
> >$900 of income to me. Do I have to report this as other income on my form
> >1040 or can I write it off some how?

Why are the payments in your name and not in the name of the disabled
roommate?

> I assume the 1099 reports this as Rent?
>
> If that is reasonable fair market rental for the unit you are
> renting, report the income on schedule E and take your expenses
> also on that schedule.

How can he do that? He's not the landlord!

> But if the $100 is far less than fair market rental, report the income
> on form 1040 line 21 and any expenses, not to exceed this income, on
> schedule A as a miscellaneous deduction subject to reduction by
> 2% of AGI.

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Harlan Lunsford on February 4, 2008, 6:28 pm
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D. Stussy wrote:
>> In article
>>> I have a disabled room mate who qualifies for rent assistance from the
>>> county in which we live. I receive $100 monthly in my name from the
>>> county. The county sent me a 1099-misc at the end of the year reporting
>>> $900 of income to me. Do I have to report this as other income on my form
>>> 1040 or can I write it off some how?
>
> Why are the payments in your name and not in the name of the disabled
> roommate?
>
>> I assume the 1099 reports this as Rent?
>>
>> If that is reasonable fair market rental for the unit you are
>> renting, report the income on schedule E and take your expenses
>> also on that schedule.
>
> How can he do that? He's not the landlord!

Well, he might indeed be, if the payments by the state were indeed for
rent. and from the tenor of the OP's question, viz "I have a disabled
room mate who qualifies for rent assistance from the
county in which we live."

ChEAr$,
Harlan Lunsford, EA n LA

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Avrum Lapin on February 6, 2008, 9:44 am
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> D. Stussy wrote:
> >> In article
> >>> I have a disabled room mate who qualifies for rent assistance from the
> >>> county in which we live. I receive $100 monthly in my name from the
> >>> county. The county sent me a 1099-misc at the end of the year reporting
> >>> $900 of income to me. Do I have to report this as other income on my form
> >>> 1040 or can I write it off some how?
> >
> > Why are the payments in your name and not in the name of the disabled
> > roommate?

As a VITA/TCE volunteer I see several of these 1099's from the County in
the name of the disabled person to the parent or caregiver as payment
for the care of a disabled person. There is no indication of why the
payment was issued

I do a C-EZ (or C) and off-set the income by otherwise unreimbursed
costs of caring for the disabled person. The rationale for the payment
is that if the recipient of the 1099 went to work the county would end
up paying for custodian care.

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

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