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dave8
New Member

How do I enter my spiff amounts?

 
3 Replies
JohnW15
Intuit Alumni

How do I enter my spiff amounts?

You can enter the SPIFF in TurboTax by entering it as "other income" so that it will be reported on Schedule 1, line 21, with a description that you create TurboTax versions vary, but you should be able to navigate using these basic instructions.

  • Click the Federal tab.
  • Click Wages & Income.
  • Select "I'll Choose What to Work On."
  • Under "Less Common Income," click "Miscellaneous Income, 1099-A, 1099-C."
  • On the next screen, click "Other reportable income."
  • The next screen asks, "Any Other Taxable Income?" Click Yes.
  • On the next screen, "Other Taxable Income," enter "Manufacturer incentive payment" as the description. Enter the amount and click Continue.
  • On the next screen click Done.

Tateman
New Member

How do I enter my spiff amounts?

Do you have updated steps for this? This doesn't seem to still work in 2021

ColeenD3
Expert Alumni

How do I enter my spiff amounts?

@Tateman

 

You can enter the 1099-MISC in TurboTax as "Other Common Income," which is reported on line 8 of 1040 Schedule 1.  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?   Yes 
  5. 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 2020
    • No, it didn't involve an intent to earn money

You would still characterize it as enter "Manufacturer incentive payment" as the description. 

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