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Jackal000
New Member

1099-MISC form. It was for selling my Disney Vac Club points to others to stay at a Disney Resort. do I use rental income or nonbusiness income. I don't own real estate.

 
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DianeW777
Expert Alumni

1099-MISC form. It was for selling my Disney Vac Club points to others to stay at a Disney Resort. do I use rental income or nonbusiness income. I don't own real estate.

It depends. If this was a sale for personal purposes and not for business you can enter the income using the steps below. Be sure to use the selections specifically noted below. 

 

It's important for you to select 'None of these apply" and then you should also select the following:

 

'No' on the screen 'Did the '____' involve work that's like your main job?'

 

'No' on the screen 'Did the '____'  involve an intent to earn money?'

 

This will report the income without any business activity and it will show up on Form 1040, Line 8 (From Schedule 1, Line 8z).

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