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I have a 1099-misc form for an IBM non-qualified pension for my deceased husband. Why has Turbo Tax entered the income on a Schedule C?
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I have a 1099-misc form for an IBM non-qualified pension for my deceased husband. Why has Turbo Tax entered the income on a Schedule C?
Reporting 1099-MISC (box 3) that is not self-employment income
Under the Wages & Income tab (or Personal Income tab) scroll down to Other Common Income and elect to start/update Income from form 1099-MISC. Then click YES to indicate you have a 1099-MISC.
Enter the 1099-MISC exactly as printed, and then Continue.
Enter the reason you got this money – be it scholarship, bonus, streaking butt naked across the 50 yard line of the super bowl, whatever. Then continue.
Select None of these apply, then Continue.
Select No, it didn’t involve work….. and Continue.
Select ONLY the tax year for which this specific 1099-MISC was issued. Do not select the year that you received the 1099. Select the year for which the 1099-MISC was issued. Select no other year. Then Continue.
Select No, it didn’t involve an intent to earn money, then Continue.
Select NO, then Continue.
Click the DONE button, and that does it.
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I have a 1099-misc form for an IBM non-qualified pension for my deceased husband. Why has Turbo Tax entered the income on a Schedule C?
To delete the SCH C, under the Personal Income tab scroll down to Business Items and elect to start/update Business Income & Expenses (SCH C). If you see anything listed there with a Delete button next to it, click that Delete button, then YES to confirm the deletion. That takes care of getting rid of the SCH C.
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I have a 1099-misc form for an IBM non-qualified pension for my deceased husband. Why has Turbo Tax entered the income on a Schedule C?
Reporting 1099-MISC (box 3) that is not self-employment income
Under the Wages & Income tab (or Personal Income tab) scroll down to Other Common Income and elect to start/update Income from form 1099-MISC. Then click YES to indicate you have a 1099-MISC.
Enter the 1099-MISC exactly as printed, and then Continue.
Enter the reason you got this money – be it scholarship, bonus, streaking butt naked across the 50 yard line of the super bowl, whatever. Then continue.
Select None of these apply, then Continue.
Select No, it didn’t involve work….. and Continue.
Select ONLY the tax year for which this specific 1099-MISC was issued. Do not select the year that you received the 1099. Select the year for which the 1099-MISC was issued. Select no other year. Then Continue.
Select No, it didn’t involve an intent to earn money, then Continue.
Select NO, then Continue.
Click the DONE button, and that does it.
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I have a 1099-misc form for an IBM non-qualified pension for my deceased husband. Why has Turbo Tax entered the income on a Schedule C?
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I have a 1099-misc form for an IBM non-qualified pension for my deceased husband. Why has Turbo Tax entered the income on a Schedule C?
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I have a 1099-misc form for an IBM non-qualified pension for my deceased husband. Why has Turbo Tax entered the income on a Schedule C?
Under the Personal Income tab scroll down the Business Items and elect to Start/Update Business Income & Expeneses (SCH C). If there is "ANYTHING" shown there with a delete button next to it, click that Delete button, YES to confirm the deletion, and continue working through until returned to the list of items under the Personal Info tab.
That "should" (and most likely will) get rid of the SCH C permanently.
Then check the 1099-MISC that you entered using my guidance above and make sure it's still there. If it's not still there, then just re-enter it using my guidance above, and that "should" take care of things.