PatriciaV
Expert Alumni

Get your taxes done using TurboTax

The company that provided Form 1099-MISC should have used Box 3 Other Income. If you're comfortable entering the amount in Box 3 rather than Box 6, you should be able to indicate this was not an intent to make money (a business).

 

Your other option is to delete your 1099-MISC entry and instead report this as Other Income with a description of "Medical Study Participation." 

  1. Start in Federal Taxes >> Wages & Income >> Less Common Income >> Miscellaneous Income >> Other Reportable Income. Click "Start" and work through the interview.
    -- Or search on "other reportable income", click on the "jump to..." link, then answer "No" to other wages. Click Start beside "Other reportable income" and follow the prompts.
  2. After entering the info from the 1099-MISC, continue until you see the question about this being connected to your main job, and say "no."
  3.  Check only the box for 2023 income
  4. Then answer that this was not an "intent to make a profit." 

Those three answers should classify this as "Other Income", which will appear on Line 8 on Form 1040, and not self-employment on Schedule C.

 

@Mjohnsen

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