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Get your taxes done using TurboTax
You can enter the 1099-MISC in TurboTax as "Other Common Income" which will not generate Schedule C or SE tax. Please use the following steps:
- Click on Federal > Wages & Income.
- Scroll down to the Other Common Income section.
- Click on the Start/Revisit box next Form 1099-MISC.
- On the screen Did you get a 1099-MISC? click on the Yes button.
- On the next screen, Let's get the info from your 1099-MISC, enter the information from the 1099-MISC.
- On the screen, Does one of these uncommon situations apply? mark the radio button This was money from a lawsuit settlement.
- Below the grey line, mark the Yes button to answer Was any part of the lawsuit settlement for back wages?
- Enter the amount that was for back wages in the box that appears.
‎February 17, 2021
12:56 PM