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Level 1
posted Jun 6, 2019 11:17:23 AM

Can't resolve reporting LOSAP Award listed on 1099 MISC without completing Schedule C. Please provide phone call help xxxxxxxxor email to xxxxxxxxxx. Thank you.

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1 Best answer
Alumni
Jun 6, 2019 11:17:27 AM

You must be answering the follow up questions incorrectly then.

Ive got these instructions from last year, they should be similar for this years software.

Federal taxes Tab > Other Uncommon Income >1099MISC > Fill in the payer name & ID number, enter the money in Box 3 > Continue> Describe the reason "LOSAP Award" > Continue> None of These Apply > Continue > No it didn't involve work like my main job > Continue > I got it in 2017 > Continue > No it didn't involve an intent to earn money > Continue > Do You have Another 1099MISC?  If not choose NO and you should be done and the income will appear on Line 21.

5 Replies
Alumni
Jun 6, 2019 11:17:24 AM

what box is the money shown in on the 1099MISC?  Awards should be shown in Box 3.

Level 1
Jun 6, 2019 11:17:26 AM

Amount is shown in box 3 but program still tries to issue a Schedule C as business income

Alumni
Jun 6, 2019 11:17:27 AM

You must be answering the follow up questions incorrectly then.

Ive got these instructions from last year, they should be similar for this years software.

Federal taxes Tab > Other Uncommon Income >1099MISC > Fill in the payer name & ID number, enter the money in Box 3 > Continue> Describe the reason "LOSAP Award" > Continue> None of These Apply > Continue > No it didn't involve work like my main job > Continue > I got it in 2017 > Continue > No it didn't involve an intent to earn money > Continue > Do You have Another 1099MISC?  If not choose NO and you should be done and the income will appear on Line 21.

New Member
Jun 6, 2019 11:17:29 AM

I tried this several times and still got a flag. What finally worked was opening the 1099-MISC in the Forms menu and adding an X next to "Other" in Box 3 (Other income). It was not a problem in previous years making me think there is a glitch in this year's version of TurboTax.

Alumni
Jun 6, 2019 11:17:30 AM

If youre using the Download/CD version, that much easier to maneuver around in.
The instructions above were for the Online version of the software...it doesn't have Forms Mode.