Since the amount you were paid was less than $600, the business isn't required to issue a Form 1099-MISC.
In your TurboTax CD/Download software:
- Open your tax return
- Click on Federal Taxes
- Click on Wages & Income
- Click on I'll choose what I work on
- Scroll to Business Items
- Click the button beside Business Income and Expenses (Sch C)
Work through the screens indicating Consultant as your business description, you can use your name as your business name and your home address as your business address, you don't need an Employer ID Number unless you pay employees.
Look up the business code closest to your business description or you can use 999999.
You would be a Cash Method taxpayer, and an Active participant, you can enter your info yourself, you would only need to issue a Form 1099 if you paid someone $600 or more.
Keep going through the screens until you get to "Enter Business Income That's not on a 1099-MISC" and enter the amount you were paid in Income or Sales.
You can enter any related expenses on the Business Expenses page.
Continue on through the screens until you are done with your "business" information.
Please continue reading for further information.
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