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cna4us
New Member

1099misc box 7 other income not a business don't believe i need schedule c

How do I reort this income as ithr incime not related to self employment or a business?

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IreneS
Intuit Alumni

1099misc box 7 other income not a business don't believe i need schedule c

UPDATED FOR TAX YEAR 2019

 

You can enter the 1099-MISC in TurboTax as "Other Common Income," which is reported on line 8 of 1040 Schedule 1 and will not generate Schedule C or SE tax.  Please use the following steps:

 

  1. Click on Federal > Wages & Income.
  2. Scroll down to the Other Common Income section. 
  3. Click on the Start/Revisit box next Form 1099-MISC.   
  4. On the screen Did you get a 1099-MISC?  click on the Yes button.
  5. On the next screen, Let's get the info from your 1099-MISC, enter the information from the 1099-MISC.
  6. On the following screens, answer the following questions:
    • Did it involve work that's like your main job? No.
    • You got it in 2019
    • No, it didn't involve an intent to earn money

      7.  Continue through the rest of the interview screens. The income will appear on line 8 of 1040 Schedule 1.

 

[Edited | 4/3/2020 |  12:38pm PDT]

 

 

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2 Replies
IreneS
Intuit Alumni

1099misc box 7 other income not a business don't believe i need schedule c

UPDATED FOR TAX YEAR 2019

 

You can enter the 1099-MISC in TurboTax as "Other Common Income," which is reported on line 8 of 1040 Schedule 1 and will not generate Schedule C or SE tax.  Please use the following steps:

 

  1. Click on Federal > Wages & Income.
  2. Scroll down to the Other Common Income section. 
  3. Click on the Start/Revisit box next Form 1099-MISC.   
  4. On the screen Did you get a 1099-MISC?  click on the Yes button.
  5. On the next screen, Let's get the info from your 1099-MISC, enter the information from the 1099-MISC.
  6. On the following screens, answer the following questions:
    • Did it involve work that's like your main job? No.
    • You got it in 2019
    • No, it didn't involve an intent to earn money

      7.  Continue through the rest of the interview screens. The income will appear on line 8 of 1040 Schedule 1.

 

[Edited | 4/3/2020 |  12:38pm PDT]

 

 

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

1099misc box 7 other income not a business don't believe i need schedule c

The 2020 version doesn’t ask the last question—

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

It takes me straight to itemizing expenses. Any suggestions?

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