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Get your taxes done using TurboTax
Yes, 'other reportable income' will show up on Schedule 1, Line 8z. You are not negligent by signing the tax return as all income in good faith is being reported and taxed on your return based on your statements.
The information reported to you on your Form 1099-MISC is not self employment income and therefore is entered correctly using this process. It can be confusing, however there are so many reasons this form is issued. This process allows you to include the income without incurring additional tax that you are not required to pay. We are always here to assist with these types of situations that are outside of routine transactions.
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March 1, 2022
6:21 AM