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MF823
Returning Member

1099-Misc

I received a 1099-misc from Ameriprise Investments.  I imported it using Turbo Tax.  I had $1.78 of other income in line 3 of the 1099-Misc.  Now it wants to know all about my business that doesn't exist, based on this $1.78 of other income that was imported.  Can anyone explain to me what went wrong or how I navigate through this?  Do I go in and delete this $1.78?

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2 Replies
ColeenD3
Expert Alumni

1099-Misc

To enter a 1099-MISC for miscellaneous income in TurboTax:

  1. Open or continue your return
  2. Search for 1099-misc and select the Jump-to link

 

  1. Answer Yes to Did you get a 1099-MISC?
    • If you already entered a 1099-MISC, you'll be on the 1099-MISC Summary screen, in which case you'll select Add Another 1099-MISC
    • If you need to edit or delete a previously entered 1099-MISC, select the appropriate button

To exclude it as business income, say NO to the questions regarding the intent to earn money and that it involved work like your main job.

Hal_Al
Level 15

1099-Misc

To exclude it as business income, say NO to the questions regarding the intent to earn money and that it involved work like your main job. Also say you got it in 2021, only.  Lying to TurboTax to get it to do what you want does not constitute lying to the IRS. 

 

 

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