No, it isn't business income. It's a one-time payment so you can enter it as "Other Income" instead of self-employment income. Follow the navigation instructions in the TurboTax Help article Where do I enter a 1099-MISC?
- Delete the 1099-MISC form that you already entered by selecting the trash can
- Enter the 1099-MISC again
- When you get to the screen that asks you Does one of these common situations apply? Select None of these apply
- Select No that it didn’t involve work like your main job
- Select how often you received the bonus
- Select No it didn’t involve the intent to earn money.
Your income will appear on line 8 of Schedule 1 of your 1040 as Other Income.
Refer to the TurboTax Help article What's the difference between self-employment income and other income? for more information.
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