It depends on which Box of the 1099-MISC the income is reported. If
you have "Non-employee compensation" (Box 7 of a 1099-MISC),
according to the IRS it is considered income from self-employment. You are
considered to have a self-employed "business" and you are the
"owner". TurboTax will help you report it as Business Income on
a Schedule C or C-EZ.
If
you have only income from self-employment and no expenses, there is no need to
upgrade from Deluxe. If you do have expenses, however, that will trigger an
upgrade to the TurboTax Self-Employed edition.
You
may be able to deduct business expenses directly from that income.
TurboTax
will guide you through the entries of your "business".
How
to get there:
1.
type Schedule C in the Search Box at the top of the screen
(you may see a magnifying glass there).
2.
Click Jump to Schedule C.
Follow
through the interview in the Business section. You'll notice blue links that
have more information and details about the particular sections that will be
extremely helpful.
This may also be helpful:
https://ttlc.intuit.com/replies/5559255
