You can enter the 1099-MISC just as it is. The key is how you enter the follow-up questions.
To determine if your 1099-MISC is subject to self-employment tax, or if you have to file a schedule C will require you to answer all of the questions in the interview.
Many of the questions have examples or additional information that will help guide you in the process.
- Click on the Federal tab.
- Click on Income & expenses.
- Scroll down to Less Common Income.
- Click on Start or Update button Miscellaneous Income, 1099-A, 1099-C
- On the next screen (Let's Work on Any Miscellaneous Income), click the Start or Update button for Other reportable income.
- Continue the interview. Does one of these apply?
- Select None of these apply. - Continue
- Does this involve work like "Your" main job? - No
- How often did "You" get income for this? Enter all that are appropriate.
- Did this involve an intent to earn money? See examples if in doubt.
- These questions will determine if your 1099-MISC is taxable.
The income will be reported on Schedule 1 line 8 (z) with the description that you entered.
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