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Business & farm
Report the 1099-MISC within the self-employment activity if the income is related to the self-employment activity.
- Select Business at the top of the screen. Continue.
- Select I'll choose what I work on.
- Click Start / Update to the right of Business Income and Expenses.
- Click Start / Update to the right of Business Income.
If the 1099-MISC is not self-employment income, follow the steps below.
In TurboTax CD/Download Home & Business,
- Select Personal at the top of the screen. Continue.
- Select I'll choose what I work on.
- Scroll down to Other Common Income.
- Click Start to the right of Income from Form 1099-MISC.
- Did you get a 1099-MISC? Click Yes.
- Enter the information from the 1099-MISC. Continue.
- Enter the reason for the 1099-MISC income. Continue.
- Select at option at the screen Does one of these uncommon situations apply?
- Select 'No' at the screen Did the income involve work.
- Select 'No' at the screen Did the income involve an intent to earn money?
The entry will be reported:
- on line 8z of Schedule 1 of the Federal 1040 tax return, and
- on line 8 of the Federal 1040 tax return.
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March 1, 2023
5:58 AM