Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
sfricker
New Member

How do I enter a 1099 miscellaneous income form? It keeps asking about my business and it’s not!

 
1 Reply
Coleen3
Intuit Alumni

How do I enter a 1099 miscellaneous income form? It keeps asking about my business and it’s not!

If you have income reported in Box 7 of Form 1099-misc, the IRS considers this to be self-employment income and it is reported on Schedule C.

Box 7. Shows nonemployee compensation. If you are in the trade or business of catching fish, box 7 may show cash you received for the sale of fish. If the amount in this box is SE income, report it on Schedule C or F (Form 1040), and complete Schedule SE (Form 1040). You received this form instead of Form W-2 because the payer did not consider you an employee and did not withhold income tax or social security and Medicare tax.

Dynamic AdsDynamic Ads
Privacy Settings
v