I received a 1099 Misc form with an amount in box 3. This money was used for caring for a student (room, board, transportation). How should I deduct the expenses?

thehaires3 · ‎June 4, 2019

HelenaC · ‎June 4, 2019

After you answer the interview questions related to your IRS Form 1099-MISC and it is determined that it is self-employment income, TurboTax will set up a business and you will be able to deduct all the expenses related to that income. Please see the screenshot below.

Please see the information below on how to enter your IRS Form 1099-MISC.

https://ttlc.intuit.com/replies/4770594

https://ttlc.intuit.com/replies/4770969

View solution in original post

HelenaC · ‎June 4, 2019

After you answer the interview questions related to your IRS Form 1099-MISC and it is determined that it is self-employment income, TurboTax will set up a business and you will be able to deduct all the expenses related to that income. Please see the screenshot below.

Please see the information below on how to enter your IRS Form 1099-MISC.

https://ttlc.intuit.com/replies/4770594

https://ttlc.intuit.com/replies/4770969

Expert does your taxes

Do it yourself

Resources

Support

I received a 1099 Misc form with an amount in box 3. This money was used for caring for a student (room, board, transportation). How should I deduct the expenses?