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Level 2
March 4, 2022
Solved

I received a letter from idaho aeyc about the 1099 misc miscellaneous information form do I need to file this form or is this just information for me?

  • March 4, 2022
  • 2 replies
  • 34 views
I received cash awards from idaho stars for participation in trainings.
Best answer by KrisD15

If this is not Self-Employment, and not wages, enter it as "Other Income" reported on Schedule 1 and carried to your 1040 line 8. 

 

Go to the Wages & Income section 

Scroll down to "Other Common Income" and click Show more

 

Scroll down to "Income from 1099-MISC"

Enter the 1099-MISC

Enter "Award" as description

Select "None of these apply"

Select "No, it didn't involve work"

Select "got it in 2021"

Select "No, it didn't involve an intent to earn money"

 

 

TO CHECK IN TURBOTAX ONLINE:

 

Click "Tax Tools" on the LEFT SIDE BAR then click "Tools" that open below 

 

Click "View Tax Summary" on the screen

 

Click "Preview my 1040" which now appears on the LEFT SIDE BAR

 

Look at your schedule 1 and your 1040 line 8 

 

 

 

2 replies

KrisD15
Level 15
March 4, 2022

Yes, a 1099-MISC is usually taxable income.  

If for a prize or cash reward, it may not require "Self-Employment" tax, but does need to be entered on your return as taxable income. 

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Level 2
March 4, 2022

Thank you for your help. So where do I put the information on my form?  

KrisD15
KrisD15Answer
Level 15
March 4, 2022

If this is not Self-Employment, and not wages, enter it as "Other Income" reported on Schedule 1 and carried to your 1040 line 8. 

 

Go to the Wages & Income section 

Scroll down to "Other Common Income" and click Show more

 

Scroll down to "Income from 1099-MISC"

Enter the 1099-MISC

Enter "Award" as description

Select "None of these apply"

Select "No, it didn't involve work"

Select "got it in 2021"

Select "No, it didn't involve an intent to earn money"

 

 

TO CHECK IN TURBOTAX ONLINE:

 

Click "Tax Tools" on the LEFT SIDE BAR then click "Tools" that open below 

 

Click "View Tax Summary" on the screen

 

Click "Preview my 1040" which now appears on the LEFT SIDE BAR

 

Look at your schedule 1 and your 1040 line 8 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"