This indicates you purchased a high volume of products from the payer. If so, the actual dollar amount is in a different box. In TurboTax there is no way to select or complete Box 7. Generally, companies sell products to their sellers at a wholesale price and may also pay the sellers some form of compensation in the form of bonuses, commissions, or prizes.
This Box 7, Form 1099-MISC is simply a check box indicating this payer had sales from you that totaled $,5000 or more.
- Box 7: 'Payer made direct sales totaling $5,000 or more of consumer products to recipient for resale'
If you had a self employment activity you should complete Schedule C and include your expenses.
If you did not have self employment income, please update this post with more details and we will help. Also, if you can explain where the message is that you must file by mail, it would be helpful.
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