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Get your taxes done using TurboTax
Yes, there is a different and correct way to report this income so that it is not considered self-employment income. Income reported in Box 3 of a 1099-MISC is considered "other income".
Here are instructions on how to delete the original entry of the 1099-MISC and re-enter in the appropriate section. This is for TurboTax Desktop.
Step 1. Delete the 1099-MISC.
- Go into Forms Mode by clicking on the Forms icon in the top right of the blue bar.
- In the Forms in My Return list on the left, click on the form you wish to open and delete.
- Click on the Delete Form box at the bottom of the screen.
- To return to the interview, click on the Step-By-Step icon in the top right of the blue bar.
Step 2. Reenter the 1099-MISC.
You can enter the 1099-MISC in TurboTax as "Other Common Income," which is reported on line 8 of 1040 Schedule 1 and 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 following screens, answer the following questions:
- Did it involve work that's like your main job? No.
- You got it in 2020
- No, it didn't involve an intent to earn money
7. Continue through the rest of the interview screens. The income will appear as Other Income.
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March 9, 2021
10:49 AM