As a follow up, on the back of the 1099-MISC, the instructions read: Box 3. Generally, report this amount on the "Other income" line of Schedule 1 (Form 1040 or 1040-SR), or Form 1040-NR and identify the payment. The amount shown may be payments received as the beneficiary of a deceased employee, prizes, awards, taxable damages, Indian gaming profits, or other taxable income. See Pub. 525. If it is trade or business income, report this amount on Schedule C or F (Form 1040 or 1040-SR).
To me, this is not trade or business income. It is "other taxable income." But Turbotax will not let me enter it as such. When I go to the personal income section, and try to enter it as "Other Reportable Income," it specifically tells me not to enter 1099-MISC income here. But as a test, I did, and that is the only way I could get the amount to populate on the "Other income" line of Schedule 1, per the 1099-MISC form's instructions.
Please help if possible. Thanks 🙂
