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Business & farm
No, if the income is not from self-employment do not report it as such. Also, you are not required to report self-employment income by a specific form. In both instances, you just need to be reporting your income in FULL on your return.
To enter your self-employment income:
In TurboTax Online:
- Open or continue your return in TurboTax
- Search for self employed income (use this exact phrase, don't add a hyphen) and select the Jump to link at the top of the search results
- Answer Yes on the Did you have any self-employment income or expenses? screen
- If you land on the Your 2022 self-employed work summary page, select Review next to the work you're adding income for
- Answer the questions on the following screens until you arrive at Let's enter the income for your work
- Scroll down to the Income section and click Add income for this work
- Choose Other self-employed income and Continue
In TurboTax Home & Business:
- 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
To enter personal income:
In TurboTax Online or CD/Download:
- Open or continue your return
- Select the magnifying glass and search for 1099-misc. Select the Jump-to link
- Answer Yes to Did you get a 1099-MISC?
- If you already entered a 1099-MISC, you'll be on the 1099-MISC Summary screen, in which case you'll select Add Another 1099-MISC
- Enter the info from your form into the corresponding boxes
- If you need to enter boxes 4–6 or 8–17, check My form has other info in boxes 1–17 to expand the form
- Continue answering the following questions until you get to the Did the bonus involve work that's like your main job? screen and answer No
- Continue and answer I got it in 2022 on the How often did you get income for bonus? screen
- Continue and answer No on the Did the bonus involve an intent to earn money? screen and Continue
- If you have another 1099-MISC you can enter it or answer No and Continue
- Proceed entering/reviewing your return
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March 1, 2023
1:49 PM