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Business & farm
No. You can enter the 1099-MISC in TurboTax as "Other Common Income," which is reported on line 21 of the 1040 and will not generate Schedule C or SE tax. Please use the following steps in TurboTax CD/Download editions):
1. Click on Federal Taxes > Wages & Income > I'll choose what I work on.
2. Scroll down to the 1099-MISC and Other Common Income section.
3. Click on the Start/Revisit box next Form 1099-MISC. [See Screenshot #1, below.]
4. On the screen Did you get a 1099-MISC? click on the Yes button. [Screenshot #2]
5.
On the next screen, Let's get the info from your 1099-MISC, enter
the information from the 1099-MISC.
[Screenshot #3]
6. On the following screens, answer the following questions:
- Did it involve work that's like your main job? No.
- You got it in 2017
- No, it didn't involve an intent to earn money
7. Continue through the rest of the interview screens. The income will appear on line 21 of form 1040 (Other Income).
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