MAT
New Member

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.

 
PatriciaR
New Member

Get your taxes done using TurboTax

Here are the steps to enter your 1099-MISC for prize winnings:

  • 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