Get your taxes done using TurboTax

No, you do not have to use self employed edition to report your capital credits as non-taxable income.

To enter your 1099-MISC Capital credits as nontaxable income in TurboTax follow these steps: 

1. Log in to your TurboTax account if it is not open.
2. Select the Wages & Income tab.
3. Scroll down to Less common income click Show more.
4. On the page Let's Work on Any Miscellaneous Income click on Other reportable income.
5. On the page Any Other Taxable Income?  select yes.
6. On the page, Other Taxable Income enter Non-taxable Capital credits for the description and the amount.
7. Select continue and answer No on the next page.

To offset your capital credits you will add a second 1099-MISC entry by following these steps: 

1. Log in to your TurboTax account if it is not open.
2. Select the Wages & Income tab.
3. Scroll down to Less common income click Show more.
4. On the page Let's Work on Any Miscellaneous Income click on Other reportable income.
5. On the page Any Other Taxable Income?  select yes.
6. On the page, Other Taxable Income enter Non-taxable Capital credits for the description and the amount as a - amount.
7. Select continue and answer No on the next page.

@Sdm57