JulieS
Expert Alumni

Get your taxes done using TurboTax

In past most 1099-MISC forms were for some form of self-employment. That clearly does not apply in your case. 

 

Since you have already had error messages related to the way the 1099-MISC was entered, you need to delete what is in there already.

 

If you are using TurboTax Online:

  1. From inside the return, scroll down to Tax Tools on the bottom of the left side menu.
  2. Select Tools.
  3. Click on Delete a form (third on the list at the bottom of the screen).
  4. Find Form 1099-MISC on the list of forms.
  5. Click Delete to the right.
  6. Confirm your Delete.
  7. Find Schedule C on the list of forms.
  8. Click Delete to the right.
  9. Confirm your Delete.
  10. Click Continue in the lower right. 
  11. If you have a state return check for the same forms under your return and delete them if you find them. 
  12. Click Continue with my return.

 

If you are using the Desktop version (disc or download):

  1. Click Forms toward the upper right corner. 
  2. Find Form 1099-MISC on the list on the left.
  3. Highlight it, then click Delete in the lower left corner of the reading pane.
  4. Find Schedule C on the list on the left.
  5. Highlight it, then click Delete in the lower left corner of the reading pane.
  6. If you have a state return check for the same forms under your return and delete them if you find them. 
  7. Click on Step by Step in the upper right corner to return to the interview.

 

After deleting the forms, run the Federal review or Smart Check to make sure all the error messages are resolved. Once the return is clear of error messages, enter the form like this.

 

Here is how to enter your 1099-MISC box 3 amount:

  1. Select Federal on the left side menu.
  2. Select Income and Expenses toward upper left.
  3. Expand/ scroll down the list and find the section called, Less Common Income.
  4. Scroll all the way down and select Miscellaneous Income, 1099-A, 1099-C.
  5. Select Other reportable income.
  6. Answer the first question Yes.
  7. Enter Crypto staking or interest as the description and amount on this page, click Continue. 
  8. Click through the rest of the section and finish your return.
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