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Get your taxes done using TurboTax
In your Dad's case, under Wages & Income go to Other Common Income and choose Income from FORM 1099-MISC.
Note: the wording and layout may vary from version to version - be flexible and you'll find it.
- Click on Add 1099-MISC Income.
- Enter the 1099-MISC data. I assume that the $1,500 is in box 3.
- Describe the reason for the income (referral bonus).
- On the "Does one of these uncommon situations apply", answer None.
- On "Does this involve work like his main job" answer "No".
- And on the last screen "Did this involve an intent to make money", answer "No".
This should add the $1,500 to Other Income on line 8 on Schedule 1 (1040) without being involved with settling up a business or answering gambling question.
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March 18, 2020
12:42 PM