I received a 1099-MISC form from the State of CA FTB for the stim check from last year. No effect on my state taxes but is being counted as income on my federal taxes?

Forum|Forum|3 years ago
January 19, 2023
1 reply
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I thought that these payments would not be counted as ordinary income. Maybe I am inputting the form in the wrong place? I put it in wages and income.

TurboTax Premier Online

Best answer by Critter-3

Good question ... however I have not seen any guidance either way on this matter from the IRS ... it is not taxable to CA is all I know for sure.

In the fed section the 1099-misc is entered as income since a form was produced it must be reported :

Follow these directions to post 1099-Misc, box 3 income not subject to self-employment taxes.

Down the left side of the screen, click Federal.
In the center of the screen, click Income & expenses.
On the screen Your income and expenses, scroll all the way down to the last section, Less Common Income.
Click the Start or Update button for the last topic, Miscellaneous Income, 1099-A, 1099-C.
On the next screen, Let's Work on Any Miscellaneous Income, scroll down and click the Start or Update button for the last topic, Other reportable income.
The next screen asks, Did you receive any other taxable income. Click Yes.
On the next screen, Other Taxable Income, enter a description and the amount. Click Continue.
On the next screen click Done.

The income will be reported on Schedule 1 line 8 with the description that you entered.

In the CA interview look for this screen ...

Anonymous_

Level 15

I will page @Critter-3. Please stand by.

Critter-3Answer

Level 15

Good question ... however I have not seen any guidance either way on this matter from the IRS ... it is not taxable to CA is all I know for sure.

In the fed section the 1099-misc is entered as income since a form was produced it must be reported :

Follow these directions to post 1099-Misc, box 3 income not subject to self-employment taxes.

Down the left side of the screen, click Federal.
In the center of the screen, click Income & expenses.
On the screen Your income and expenses, scroll all the way down to the last section, Less Common Income.
Click the Start or Update button for the last topic, Miscellaneous Income, 1099-A, 1099-C.
On the next screen, Let's Work on Any Miscellaneous Income, scroll down and click the Start or Update button for the last topic, Other reportable income.
The next screen asks, Did you receive any other taxable income. Click Yes.
On the next screen, Other Taxable Income, enter a description and the amount. Click Continue.
On the next screen click Done.

The income will be reported on Schedule 1 line 8 with the description that you entered.

In the CA interview look for this screen ...

sarahschindlerAuthor

Level 2

Thanks so much!

This is what I did when I inputted the form. From the research I was able to do last night, Google seems to imply that the Federal Government hasn't announced either way whether these payments will be taxable, so I may be waiting to file until they make that decision.