Get your taxes done using TurboTax
A year-end bonus from your employer should not have been reported on a 1099, and you should not create a business.
Instead of utilizing the 1099-MISC input and creating a business, follow these steps in TurboTax Online:
- Navigate to Federal > Wages & Income > Less Common Income > Miscellaneous Income, 1099-A, 1099-C > Start or Revisit
- On the next screen select Start or Revisit Other income not already reported on a Form W-2 or Form 1099
- The next page asks Did you receive any other wages?, choose Yes and Continue
- Continue through the interview until you arrive at the screen Any Other Earned Income? Choose Yes and select Continue
- Now, Enter source of other earned income, Employee compensation that was not reported on a W-2 and continue, ignoring note that says not to enter payments for which you will receive a 1099.
- Continue through the interview, at Report Your Wage Income, report the amount from the 1099-MISC, and use the information from W-2 for employer's name and EIN. Check the box "I received a Form 1099-MISC for this income." Select Code H - I received a Form W-2 and a separate Form 1099-MISC
