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Business & farm
No. Form 1099-MISC income entered in Box 3 is "Other Income." This category is not subject to self-employment tax.
Entering it under Form 1099-NEC Box 1 would make it subject to self-employment tax.
To enter Form 1099-MISC in TurboTax, follow these steps:
- From the left menu, go to Federal and select the first tab, Wages & Income.
- Add more income by scrolling down to the last option, Other Common Income, and Show more.
- Scroll down to Form 1099-MISC and Start.
For more details, see: Where do I enter a 1099-MISC?
‎February 20, 2021
1:28 PM