MonikaK1
Expert Alumni

Get your taxes done using TurboTax

You are correct, the situation you described doesn't fit the entries on your form. Box 10 is for a payment to an attorney by a business for services rendered. This is why I suggested seeing if the payer would reissue the form.

 

in the alternative, you could delete the 1099 entry you made and enter the $15,000 as Other Reportable Income;  then, make a second entry with a negative number to reverse the amount, just to have the $15,000 accounted for on your return. Use the explanation fields to describe the payment.

 

To report the income as other than regular or recurring self-employment (so that it isn't subject to Self-Employment Tax), you can enter the amount under Other Reportable Income. In TurboTax Online:

 

  1. Go to Wages and Income
  2. Scroll down to Less Common Income
  3. Go to Miscellaneous Income
  4. Select Other Reportable Income and follow the prompts. Enter a description of the reason for the payment.

 

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