- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I received a 1099-MISC for tournament winnings from bass fishing tournaments. This is not a job; it's a hobby. The expenses associated with hobby far exceed my winnings.
Topics:
June 3, 2019
5:42 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Here are the steps to enter your 1099-MISC for prize winnings:
NOTE : There are two places in TurboTax to enter 1099-MISC and you want to enter your 1099-MISC under Other Common Income, not Self-Employment
- Type 1099-misc in the Search box (upper right of program)
- Click on the Jump to link from results
- This will take you to the 1099-MISC entry screen under Other Common Income
- Enter your information from your form into the corresponding box (if you don’t see your box number, check the box “my form has other info in boxes 1-18.” By doing this, the other boxes on the form will open.)
- Continue and answer the follow-up questions about your 1099-MISC income.
NOTE : There are two places in TurboTax to enter 1099-MISC and you want to enter your 1099-MISC under Other Common Income, not Self-Employment
June 3, 2019
5:42 PM