If you prefer, you can enter this under the 1099-MISC topic.
- Start in Federal Taxes >> Wages & Income >> Other Common Income >> Income From Form 1099-MISC. Click "Start" and work through the interview.
- After entering the info from the 1099-MISC, continue until you see the question about this being connected to your main job, and say "no."
- Check only the box for 2024 income, even though you may receive it again in the future. This isn't reported to the IRS.
- Then answer that this was not an "intent to make a profit."
Note that this process classifies the 1099-MISC as "Other Income", which will appear on Line 8 on Form 1040. (Same outcome as the steps previously given by DianeW777.)
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