KrisD15
Expert Alumni

Deductions & credits

 

 

If this is not Self-Employment, and not wages, enter it as "Other Income" reported on Schedule 1 and carried to your 1040 line 8. 

 

Go to the Wages & Income section 

Scroll down to "Other Common Income" and click Show more

 

Scroll down to "Income from 1099-MISC"

Enter or Edit the 1099-MISC

Enter "Gift" as description

Select "None of these apply"

Select "No, it didn't involve work"

Select "got it in 2021" ONLY, even if he gets it year after year. This is a TurboTax worksheet question to determine if it's Self-Employment income, and it isn't

Select "No, it didn't involve an intent to earn money"

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