To enter in TurboTax Online, while logged in to your account and in your return:
- Type "Form 1099 Misc" in the search window and hit enter
- Click on "Jump to Form 1099 Misc"
- Answer "Yes" to Did you get a 1099-MISC?
- Enter the information from your 1099-MISC
- Enter a description such as "Inherited Deferred Comp"
- Mark choice "none of these apply" for "Does one of these uncommon situations apply?"
- Indicate "No, it didn't involve work like [your] main job.
- Check the box "I got it in 2023." Do not check the other boxes, even if you received the benefit in prior years and expect to get it next year.
- Indicate "No, it didn't involve an intent to earn money."
- Continue with the interview, and your income will appear as ordinary income not subject to self-employment tax on Schedule 1 (1040) line 8z.
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