If you received a 1099-MISC, you have to include it on your tax return. That doesn't mean you are self-employed. If the amount is listed in box 3, it will be taxable, but you won't need to pay extra taxes on the amount.
That type of income would go to line 8 of Schedule 1. Here is how to enter it in TurboTax:
- Log in and continue your return.
- Click on Income & Expenses in the upper left corner.
- At the bottom of the list you will see, Less Common Income. If you don't see that at first, click on See a list of all income at the bottom of the list.
- Click Show more on the right.
- At the very bottom, click Start or Revisit next to Miscellaneous Income, 1099-A, 1099-C.
- At the bottom of the next list, select Other reportable income.
- Answer the next question, Yes.
- Enter a description and the amount.
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