- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Based on your post, you can characterize this 1099-MISC as other income. There are two ways to enter this type of income into TurboTax. Here are the steps for the first option:
- To enter other income in TurboTax online, click on Wages & Income,
- scroll down the page to Less common income, click on the drop-down arrow and select Miscellaneous Income.
- From the list select Other reportable income and respond to the questions on the screens that follow.
- On the screen, Other Taxable Income, you may see information indicating that you should not report your 1099-MISC in this section. Just ignore that statement and enter your information.
If you are using TurboTax CD/download, the process is similar. After selecting the Personal tab, and the Personal Income tab, scroll down the screen to Less Common Income, and select Miscellaneous Income. Enter your information.
There is another section of TurboTax that directly relates to 1099-MISC and this is the second option. This section is Other Common Income. Please note that when working through the Other Common Income section, you will see a screen asking whether your 1099 represents an intent to earn income/money, and while it may seem counterintuitive to select No, that is the response you need to select. If you select Yes, TurboTax will report this income as self-employment income, and you will be back in the tax position you want to avoid. Thus, select No, and continue through the application.
Both of the processes mentioned herein will produce the same result. However, there are fewer screens to address if you decide to enter your research study income as miscellaneous income.
**Mark the post that answers your question by clicking on "Mark as Best Answer"