DawnC
Expert Alumni

Get your taxes done using TurboTax

Is the income in Box 3?   If so, you do not need a schedule C.  When you enter the 1099-MISC - do not answer that this income is for your regular work, but rather indicate it is a prize not related to your work and not an intent to make money.  

 

To enter a 1099-MISC in TurboTax:

  1. Open or continue your return, if you're not already in it.
  2. Search for 1099-misc and select the Jump-to link.
  3. Answer Yes to Did you get a 1099-MISC?
    • If you already entered a 1099-MISC, you'll be on the 1099-MISC Summary screen, in which case select Add Another 1099-MISC.
    • If you need to edit or delete a previously-entered 1099-MISC, select the appropriate button.
  4. Enter the info from your form into the corresponding boxes
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