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New Member
posted Jun 4, 2019 5:51:02 PM

Should TurboTax put our 1099-Misc. income, received as retiree benefits (insurance, meal discounts) as a personal business, requiring Sched. C?

We receive 1099-Misc. forms for the retiree benefits our university provides--insurance, meal discounts, etc.  TurboTax has always entered these as Misc. Income, but now is calling it a personal business, requiring Sched. C.

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1 Replies
Intuit Alumni
Jun 4, 2019 5:51:04 PM

Enter it as "Other Income" and not self-employment

Delete the 1099-MISC you entered and re-enter it this way:

DESKTOP

In the desktop program, start or open your return

Click FEDERAL TAXES

Click Wages & Income 

Click "I'll choose what to work on" if needed

Scroll down to Miscellaneous Income, 1099-A, 1099-C (the last option) under "Less Common Income" and click Start

Scroll down to the last option "Other reportable income" and click Start

Answer "Yes" and Continue

Type "retiree benefits" into the description box and the amount.

ONLINE PROGRAMS:

Sign into your account, your return, and click "Pick up where I left off”

Click Federal

Click Wages & Income

Get to All Income and scroll down to Less Common Income and click Show more

Scroll down to Miscellaneous Income, 1099-A, 1099-C and click Start

Scroll down to Other reportable income and click Start

Type   Retiree Benefits   into the description box and enter the amount

Click Done