The current software has a list of many reasons for filing form 1099-Misc. However, it does not list the payment received as the beneficiary of a deceased relative. The software actually directed us to list this payment as the business income. I know this is definitely not a business income. Currently, we can go to "forms" on the upper right corner to report this on Schedule 1 and indicate this payment as "other income".
The better way is TurboTax adds one more reason for listing this income as the beneficiary of a deceased relative. At the end, this will still be listed as other income from box 3 of 1099-Misc on Schedule 1, Additional Income and Adjustments to Income, Part 1. Additional Income.
I'm sure many people including me would like to see the proposed change.
