3c
New Member

Why is TurboTax trying to get me to enter business information? 1099-Misc for GM retirees portion of legal service if needed. It is not a business, I did't received $$.?

 
MarilynG
Expert Alumni

Business & farm

When entering your 1099-Misc be sure to indicate that the income was 'not like your main job' and with 'no intent to earn money'.

See attached screenshots.

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EJGUN50
Returning Member

Business & farm

OUR INSTRUCTIONS FROM GM SAY THAT IT SHOULD GO AS OTHER INCOME ON SCHEDULE 1 AND THAT WE MIGHT HAVE TO PAY SOCIAL SECURITY AND MEDICARE TAX ON IT

JohnB5677
Expert Alumni

Business & farm

If you simply enter the 1099 MISC that is exactly what will happen.  Tell TurboTax that you do not have any expenses to report.  You will end up with Other Income on Schedule 1 and you will have Social Security and Medicare taxes due on it.

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