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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:
- Open or continue your return, if you're not already in it.
- Search for 1099-misc and select the Jump-to link.
- 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.
- Enter the info from your form into the corresponding boxes
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‎June 20, 2020
6:29 PM
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