ThomasM125
Expert Alumni

Get your taxes done using TurboTax

Since you received a form 1099-MISC, the IRS will look for that income to be reported on your tax return, either on line 8 of schedule 1 as "Other Income", or line 3 of schedule 1 as business income (2019 tax return).

 

If you e-file your tax return, the form 1099-MISC will be linked to your tax return so that will allow the IRS to match it to the copy of the form that they will receive. This will prevent you from getting a letter and potential adjustment to your tax later on when the IRS matches up their records with what you reported. So, I would suggest you enter the income using the form 1099-MISC entry screen.

 

If you answer the questions accurately in the form 1099-MISC section in TurboTax, the program will determine the appropriate treatment for the income. Also, you will get credit for the tax that was withheld as reported on line 4 of form 1099-MISC.

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