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Investors & landlords
Were you able to report the second 1099-MISC as Other Income? Or did it skip to "Do you have another 1099?" You need to check the box for "Other Income" in order to offset the first 1099-MISC.
If you're using TurboTax for Desktop, you can fix this in Forms mode.
- Open your return and click on the Forms icon in the TurboTax header.
- Find the second 1099-MISC you entered; click to open in the large window.
- Under Box 3, check the box for Other Income.
- Now open Schedule 1 in the large window.
- Check Line 8, which should be zero (unless you have other 1099-MISC income).
- You can also open Form 1040 to see if Line 8 is zero.
- Use Step-by-Step in the header to go back to your return.
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‎April 1, 2022
10:58 AM