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Business & farm
TurboTax does have the option of reporting income on Form 1040 Schedule 1 line 8 when the income is not considered to be self-employment.
Here are the steps:
- Go to Wages and Income > Other Common Income > Income from Form 1099-NEC and click Start or Update
- Enter the details reported on your Form 1099-NEC
- Describe the reason you received the income
- On the screen titled 'Does one of these uncommon situations apply?', select the This is not money earned as an employee or self-employed individual, it is from a sporadic activity or a hobby choice
The result is that the income is reported on Form 1040 Schedule 1 line 8z with the amount and description that you entered.
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March 24, 2024
7:21 AM