blog.webwesen.com Rotating Header Image

Posts under ‘money’

1099 and Unempoyment Benefits

Q.
Can you get unemployment if you get paid through a 1099-misc?
A.
Someone with a 1099 is considered a sub-contractor. Technically they work for themselves, and aren’t an employee. As an independent contractor (1099-misc) a person is considered to be self employed, and is not eligible for unemployment.

Taxing Move: Making your Investment Property a Primary Residence

But if you sell after Jan. 1, 2009, you may not take the full exclusion — commonly called the 121 exclusion for its section number in the tax code — if the home was an investment property before it was your primary residence.