How/Where do I report 1099-Misc under $600?

[armin]

I received a settlement (from a class action lawsuit) from an old grocery store I was employed at 5 years ago. The settlement had to do with employees not receiving their break times. It is a small amount, and is listed as this: Gross Settlement Payment $79, 1099-Misc $59, Wages $20.

I was given a W2 for the $20 Wage portion (with all the tax boxes correctly filled in, Tax withheld, SSI wages, etc).

I was NOT given a 1099-MISC form. Instead the paper states " 1099-MISC will only be mailed if amount is greater than $600." Rather they just printed the words "1099-MISC: $59." So I know the 1099 amount, but don't have any of the details that would have came if they sent me one. I don't know if it goes into Box 3, Box 7, or line 21, ect..

So I am trying to do my taxes on TaxAct, and it really does not say where to put this info if you never received the actual 1099-MISC Form. There is an area for Businesses to add a schedule C, and there is another area called "Other income."

Most of the question regarding 1099-MISC come from self-employment issues, or people with forms over $600. I don't have a 1099 MISC form, but just the amount and I am totally stuck. TaxAct is not very intuitive and is vague about this.

Any help or clarification would be greatly appreciated. I hope I didn't confuse you, lol.

Thank you very much.

[clem84]

I received a settlement (from a class action lawsuit) from an old grocery store I was employed at 5 years ago. The settlement had to do with employees not receiving their break times. It is a small amount, and is listed as this: Gross Settlement Payment $79, 1099-Misc $59, Wages $20.

I was given a W2 for the $20 Wage portion (with all the tax boxes correctly filled in, Tax withheld, SSI wages, etc).

I was NOT given a 1099-MISC form. Instead the paper states " 1099-MISC will only be mailed if amount is greater than $600." Rather they just printed the words "1099-MISC: $59." So I know the 1099 amount, but don't have any of the details that would have came if they sent me one. I don't know if it goes into Box 3, Box 7, or line 21, ect..

So I am trying to do my taxes on TaxAct, and it really does not say where to put this info if you never received the actual 1099-MISC Form. There is an area for Businesses to add a schedule C, and there is another area called "Other income."

Most of the question regarding 1099-MISC come from self-employment issues, or people with forms over $600. I don't have a 1099 MISC form, but just the amount and I am totally stuck. TaxAct is not very intuitive and is vague about this.

Any help or clarification would be greatly appreciated. I hope I didn't confuse you, lol.

Thank you very much.

For this small amount of 59 dollars you should not have any problem with just reporting the 59 on the 1040 income tax return line 21 other income and describe it as a settlement amount from a former employer.
If you are using a schedule C for this tax year 2010 then just add the 59 into the gross income for your schedule C business operation income for the tax year 2010.
Hope that you find the above enclosed information useful for your situation and good luck to you.

[shaddoc98]

that can be entered as misc income on line 21 on the 1040

[pascoe69]

Class action lawsuits. I love 'em.

The victim gets $79. The lawyers rake in thousands. Aren't we all so thankful these philanthropists are there to protect our rights.

Class action lawsuits. Every one I've seen is exactly the same. Here's how they work.

The lawyers bill, and bill, and bill, and when there's almost no money left, A MIRACLE HAPPENS! What a coincidence, the case gets settled when there's a few little crumbs left for the victims.