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Get your taxes done using TurboTax
Once you enter your 1099-MISC, it is important that you answer the questions that follow the entry screen for the 1099-MISC. Your 1099-MISC should go to either a Schedule C or Other Income on your tax return.
For tax purposes, self-employment income includes any part-time businesses or "side work" performed in which you are in business for yourself, rather than another person. You are also considered self-employed if you engage in business-like activities where you intend to make a profit. If you are self-employed, you need to file a Schedule C.
Please follow the instructions below so your 1099-MISC goes to Other Income:
- Open or continue your return, if you're not already in it.
- Search for 1099-misc and select the Jump-to link.
- Edit your 1099-MISC.
- Continue past the amounts entered.
- Describe the reason for this 1099-MISC.
- Answer None of these apply on the screen Does one of these uncommon situations apply?
- Answer No, it didn't involve work like my main job for the question Did this involve work that's like my main job?
- Answer You got it in 2020 for the question How often did you get this income?
- Answer No, it didn't involve an intent to earn money for the question Did this involve an intent to earn money?
- Answer the remaining on-screen questions.
- Your 1099-MISC will flow to Other Income.
Please follow the instructions below so your 1099-MISC goes to a Schedule C:
- Search for 1099-misc and select the Jump-to link.
- Edit your 1099-MISC.
- Continue past the amounts entered.
- Describe the reason for this 1099-MISC.
- Answer the question on the screen Does one of these uncommon situations apply?
- Answer the question Did this involve work that's like my main job?
- Answer the question How often did you get this income?
- Answer Yes, it did involve an intent to earn money for the question Did this involve an intent to earn money?
- Answer the remaining on-screen questions.
- Your 1099-MISC will flow to a Schedule C.
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May 16, 2021
7:47 AM