Payments for participating in a research study are non-wage Miscellaneous income or other reportable income and not reported on Schedule C Profit or Loss From Business . Delete the 1099-Misc form you entered.
To enter your 1099-MISC Form so you don't generate a Schedule C :
- Sign into your TurboTax account.
- Select Pick up where you left off.
- Select Federal from the left side menu.
- Type 1099-Misc in the search bar and click on Jump to 1099-misc.
- On the Did you get a 1099-MISC? screen, select Yes. If you come to the 1099-MISC Summary screen, select +Add Another 1099-MISC located under the Total.
- On the Let’s get the info from your 1099-MISC screen, enter the information on the form and Continue.
- On the Describe the reason for this 1099-MISC screen, enter a description like Medical Research Participant.
- On the Does one of these uncommon situations apply? screen, Select XXX was in a research study and this was the payment.
- At Did you perform a service to earn the money This Payer paid? select No and Continue until Done.
The 1099-MISC income will appear on Schedule 1 Line 8z Other income. To Preview your 1040 click here.
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