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kbpepsi
New Member

1099-Misc

How do I claim my 1099-misc from my timeshare?  It is for 2250. where I cashed in points that i receive every year to help with maintenance fees.  So confused on the type of income because its not really rental income.

Help!

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1 Reply
ThomasM125
Employee Tax Expert

1099-Misc

The income would be considered "Other Income', not rental income.

 

To enter the Form 1099-Misc:

 

1. Start in the Federal section of TurboTax

2. Look in Wages and Income and find the Other Common Income section

3. Choose Income from Form 1099-MISC

4. Complete the Form 1099-MISC entries and answer the questions designed to determine the best way to report the income on your tax return

 

To have the income reported as "Other Income" as opposed to self-employment income, when you answer the questions in the section where you enter your Form 1099-MISC, you have to indicate that you:

 

1.  Did not have an intent to earn money for the income reported on the Form 1099-Misc

2.  You only received the income in 2025 and not the year before or after

3.  It was not associated with your main job

 

The answers to these questions will not appear on your tax return, they are just asked to determine how the income is treated on your tax return.


 

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