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Get your taxes done using TurboTax
Hello !! Did any of you read any of the earlier posts and were you able to understand them? Follow these precise steps in entering your 1099 MISC.
- Log into turbo tax
- Before you take the remaining steps, I suggest you delete the original 1099-Misc you recorded in your return so this procedure will work correctly. once it's deleted then reenter using the following steps
- Go to federal>wages and income>other common income
- Form 1099-MISC>revisit
- Select edit next to the 1099-MISC
- Scroll through the entry and then the program will ask Describe the reason for the 1099-Misc
- As you move through the screen, the program will ask if this is like your main job. If you say yes, it will expect you to fill out a schedule C. For this purpose, say no.
- Next it will ask how often did you receive this income. If this was the first year you received it, indicate so.
- Now it will ask you if you have the intent to earn money. Indicate no.
- if this is done correctly, it will not ask for a Schedule C because this will appear as OTHER INCOME in your return. (No Schedule C)
Be sure you don't enter this as a 1099-MISC in self-employment income. There are a couple of reasons why it asked for a schedule C
- You entered this in the self-employment section.
- Or you either indicated there was an intent to earn money or it was like your main job.
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May 17, 2021
6:15 PM