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What's national income?

Whats the difference between filing 1099g and business income on my tax return?

  • 1040 ,is there a difference when filing my earned income from 1099g or just file my income as just business income,from self employment income

  • Answer:

    1099 G is the taxable refund from your previous years tax return. And also the payment you received from unemployment from your state. Both of them are part of your tax return which you should include in your return. The taxable refund should be on line 10 of form 1040, the unemployment should be on line 19, in 2009 the first 2400 dollars are exempted from tax. Self employment has nothing to do with that, You need to report it in schedule C. However, all of the above (Schedule C, 1099G's) will determine your tax return outcome. Good luck

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A 1099G is probably for unemployment or a state tax refund from last year. Neither is earned income. If it's unemployment it goes on your 1040, whichever version you file. If it's last year's refund, you only show it if you itemized last year and deducted state and local tax. Business income goes on schedule C or C-EZ.

Judy

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