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Self employed
Follow these steps to enter your income from NIH MSTP that is taxable but not subject to self-employment taxes.
- Log into your TurboTax account if it is not open.
- Click on the Wages & income tab.
- On the screen, Your income, scroll down to Less Common Income.
- Click the Start or Update button on the line Miscellaneous Income, 1099-A, 1099-C.
- On the screen, Let's Work on Any Miscellaneous Income, scroll down to Other reportable income and click Start or Update
- On the page, Did you receive any other taxable income? Click Yes.
- On the next page, Other Taxable Income, enter a description (1099-MISC NIH MSTP) and the amount. Click Continue.
- On the next screen click Done.
The income will be reported on Schedule 1 line 8 with the description that you entered as income not subject to self-employment tax.
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March 13, 2022
5:37 PM