There is another way to report Form 1099-MISC as Other Income, which will appear on Form 1040 Line 8.
- Start in Federal Taxes >> Wages & Income >> Other Common Income >> Income From Form 1099-MISC. Click "Start" and follow the prompts.
- You will need to report this in Box 3 Other Income in order to avoid Schedule C or Schedule E.
- After entering the info from the 1099-MISC, continue until you see the question about this being connected to your main job, and say "no." Check only the box for 2021 income. Then answer that this was not an "intent to make a profit." Those three answers should classify this as "Other Income", which will appear on Line 8 on Form 1040.
If you wish to report expenses relating to this income, make another 1099-MISC entry with a negative value in Box 3 (but not more than the income amount). This will offset the income, and you will report only the net on Line 8.
Note that the choice for Royalties (Sch C or Sch E) is defined by the IRS, not TurboTax.
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