1099's
Answers
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Hi Keiths. I presume this is a 1099-MISC that your employer sent you and that the car allowance does not show up on your W-2. Basically, any non-employment benefit in excess of $600 per tax year can throw off a 1099. In my experience, some employers handle the "side" benefits on your W-2, some with a 1099. It is legal and it is NOT considered earned income (for IRA purposes, for example). It is taxable income.
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