GeorgeM777
Expert Alumni

Get your taxes done using TurboTax

If you were not self-employed, then you can report the 1099-Misc as "other income."  Other income will appear on line 8 of your Form 1040 and you will pay tax on that income.  In TurboTax online, to enter the 1099-Misc income amounts as other income, follow these steps.

 

  1. go to Income & Expenses,
  2. scroll down the page to the last item Less Common Income, select Miscellaneous income,
  3. then from the list select Other reportable income
  4. you will have to enter the amount you earned plus a short description. 

If you are using TurboTax Online, here are the steps to follow to preview your Form 1040 and see the amount on line 8:

 

       Open or continue your return.

 

  1. Select Tax Tools in the left menu (if you don't see this, select the menu icon in the upper-left corner).
  2. With the Tax Tools menu open;
  3. Select Tools.
  4. Next, select View Tax Summary in the pop-up.
  5. Then Preview my 1040 in the left menu.
  6. Select Back in the left margin to return to the page where you left off

 

Regarding whether someone is self-employed or not, the IRS has stated the following:

 

  • If you weren't an employee of the payer, where you report the income depends on whether your activity is a trade or business. You're in a self-employed trade or business if your primary purpose is to make a profit and your activity is regular and continuous.

Here is the link to the IRS webpage that discusses 1099-Misc, Independent Contractors and the Self Employed from which the above quote was obtained.  You might find this information helpful.  

 

1099 Misc, Independent Contractors and Self Employed

 

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