☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Feb 10, 2024 9:33:21 AM

Correctly inputing a 1099-MISC - Box 3 Other Income

I receive a 1099-MISC from my financial institution for reimbursement of a branded credit card fee ($695). Turbo tax keeps wanting to include this on a schedule C. This reimbursement is not part of any self-employment or any work at all. It's just a fee reimbursement. How should this be entered correctly into TurboTax. Thank you,

0 1 216
1 Replies
Expert Alumni
Feb 10, 2024 1:12:01 PM

This can be entered using the following steps.  Be sure to delete the 1099-MISC if you do have an entry for that now.

 

Please follow the instructions below to report Other Income:

  1. Sign into your TurboTax return
  2. Click on  Wages and Income and scroll down to Less Common Income
  3. Go to the last selection, Miscellaneous Income and click Start
  4. Go to the last option, Other reportable income and click Start
  5. When it asks, "Any other reportable income?" > yes and then type in a description and the amount to report it on your tax return.
  6. TurboTax Online and TurboTax CD/Download will use the same procedure

@Greg_1014