turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do I report a 1099 misc with box 7 marked? The amount received is an offset for insurance premiums that are deducted from my monthly pension payment?

I am retired and provide no work related to this Misc. income.
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
AnnetteB6
Employee Tax Expert

How do I report a 1099 misc with box 7 marked? The amount received is an offset for insurance premiums that are deducted from my monthly pension payment?

To include the 1099-MISC as a part of your tax return, follow these steps:

  • On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
  • This opens a box where you can type in “1099-MISC” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
  • The search results will give you an option to “Jump to 1099-MISC"
  • Click on the blue “Jump to 1099-MISC” link
  • Answer Yes you did receive a 1099-MISC
  • Fill in the details from your 1099-MISC then click Continue
  • Provide a short description for the reason you received the 1099-MISC then click Continue
  • On the next screen titled, “Does one of these uncommon situation apply?” choose the last option, None of these apply and then click Continue
  • On the next screen asking if the 1099 involved work like your main job, answer No and click Continue
  • On the next screen, check the box that you received the income in 2019 and then click Continue
  • Finally, choose “No, it didn’t involve an intent to earn money” and click Continue
  • Answer the questions on the next couple of screens to finish the process

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies