No, it wasn't an "intent to make money" in the sense that the program is asking. I see two options:
- Report the 1099-MISC as other income (not subject to self-employment tax).
- Report it as self-employment income, if you have expenses in excess of 15% of the payment that you can deduct.
To report as other income, while logged in to your return:
- Click on Federal
- Click on Income & Expenses
- Scroll to the bottom of the "Your income and expenses" page, and click on "Less Common Income"
- Click on "Show more"
- At the bottom of the page, next to "Miscellaneous Income..." click on Start/Revisit
- Other reportable income - click on Start, then answer Yes
- Give a description and enter amount of income from the 1099-MISC
This amount will also be reported on line 8 of Schedule 1 (Form)
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