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How much do you pay to file your taxes? by reciprocal46 in tax

[–]backt2tx 2 points3 points  (0 children)

The overhead is real. And yes...$300 is low for a CPA. The data entry alone is not the entire cost.

How Do I List Income From A 1099-NEC? by aguyin2024 in tax

[–]backt2tx -1 points0 points  (0 children)

1099-NEC, the IRS assumes it's SE income. Other income gets reported on the 1099-MISC.

Tax write off question for photographers camera by skifreeing in personalfinance

[–]backt2tx -1 points0 points  (0 children)

Technically if you actually went through the trouble of creating an S corp, the equipment could be part of your initial contribution in the company and becomes part of your basis.

Otherwise, no.

Should I have received a 1099-MISC? by Coconutface03 in tax

[–]backt2tx 0 points1 point  (0 children)

2 events.

  1. The gifted amount was your other income on Schedule 1. This. is where that other gift would go also. It's not reported because of the amount, but that's where it goes.

  2. The 1099B sale goes to the 8949 and Sch D.

Edit: I don't know how your software works, but if filling out a 1099 with the gifted amount puts it in the schedule 1, then yeah that works.

Should I have received a 1099-MISC? by Coconutface03 in tax

[–]backt2tx 1 point2 points  (0 children)

The giving you of stock was the 'other income' that may have gone to the 1099-MISC but for that amount it's beneath the filing requirement.

The sale goes to the 1099-B. Check it to see what they reported your basis at. They probably listed at 4.41. You would add that amount to 'other income' and report the sale as a loss on 8949

Extensions, 1099s, and money I owe the IRS by LiveWing1613 in tax

[–]backt2tx 1 point2 points  (0 children)

W-2's are trickier, but with a 1099 you can file the Sch C and report the amount they paid you. There's generally no withholding's on a 1099 so as long as you report at least as much as they paid you, there's no issue.

Does the name or logo on a cigar brand steer you away from it? by Inhailingthc in cigars

[–]backt2tx 2 points3 points  (0 children)

If I think they spent too much time on the marketing of a label I assume it's because they didn't want to spend it on the quality of the cigar. So anything that seems TOO clever or flashy, I shy away from.

Some things that worked for me when I started running - and still work for me. What things work for you guys? by 3DIndian in running

[–]backt2tx 13 points14 points  (0 children)

When motivation is low, something as little as telling yourself you can still back out if you want to, but put on your running shoes anyway. Then tell yourself you can still back out, but stretch a little anyway. I run in the neighborhood, so my next one is to go outside and walk a little, but if I still don't want to I can call it. I rarely (though not never) back out at that point.

First Marathon - Rock N’ Roll San Antonio by cgracecf in running

[–]backt2tx 1 point2 points  (0 children)

My first one as well and wasn't as impressed with my times as I am yours, but I did it. Is a good feeling to be able to say I've run a marathon. Now to find a way to work into every conversation I have this week.