How do how enter Misc 1099 and not file a Schedule C as I am not proprietor was a prize from manufacturer of vehicles I sale for the business I work for?

doedane · ‎June 4, 2019

The income on my 1099-Misc is in box 3 so I should not have to fill out Schedule C

AnthonyJ · ‎June 4, 2019

These types of payments received in the auto industry are known as a SPIFF (Special Performance Incentives for Field Force) and are typically received directly from the manufacturer.

To properly enter and report a SPIFF in TurboTax Desktop, please follow the instructions below:

Open your return
In the Search box on the upper right corner, enter 1099misc
Select the “Jump to” link found in the search results
Here you will enter your 1099-MISC by following the onscreen instructions
On the next screen, enter SPIFF in the blank box
On the list found on the next screen, check “This was a Manufacturer’s Incentive Payment”

Following these instructions will place your SPIFF on Line 21 of Form 1040.

View solution in original post

AnthonyJ · ‎June 4, 2019

These types of payments received in the auto industry are known as a SPIFF (Special Performance Incentives for Field Force) and are typically received directly from the manufacturer.

To properly enter and report a SPIFF in TurboTax Desktop, please follow the instructions below:

Open your return
In the Search box on the upper right corner, enter 1099misc
Select the “Jump to” link found in the search results
Here you will enter your 1099-MISC by following the onscreen instructions
On the next screen, enter SPIFF in the blank box
On the list found on the next screen, check “This was a Manufacturer’s Incentive Payment”

Following these instructions will place your SPIFF on Line 21 of Form 1040.

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How do how enter Misc 1099 and not file a Schedule C as I am not proprietor was a prize from manufacturer of vehicles I sale for the business I work for?