No, a 1099-MISC Box 3 is treated as other income. This would not be considered as self-employment income. There is a new form for reporting non-employee income which is a 1099-NEC. A 1099-NEC would result in self-employment income.
To enter the 1099-MISC go to:
- Open TurboTax and select the Federal section.
- Go to Income and Expenses and Scroll down to Other Common Income
- Click on Form1099-MISC.
- Click on Start
- Go through the questions and enter the 1099-MISC
- This will show on Line 8 of the 1040.
