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After you file
To enter a 1099-MISC for miscellaneous income in TurboTax, see this TurboTax FAQ. You will be asked follow-up questions to determine whether or not the income is self-employment that belongs on a business return that generates Self Employment Tax.
If you tell TurboTax that the income did not involve your main job, nor an attempt to make money, and was only received in 2024, it will go to Other Income and be taxed at ordinary income tax rates, instead of the higher SE tax rate.
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‎February 11, 2025
3:50 PM