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loriray79
New Member

I have a 1099-misc form. I get a monthly stipen from XTO energy. The form on here, makes me think my monthly monies are being thought of as an early withdrawal. Help?

 
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1 Reply
Irene2805
Expert Alumni

I have a 1099-misc form. I get a monthly stipen from XTO energy. The form on here, makes me think my monthly monies are being thought of as an early withdrawal. Help?

You can enter the 1099-MISC in TurboTax as "Other Common Income," which is reported on line 21 of the 1040 and will not generate Schedule C or SE tax.  Please use the following steps:

  1. Click on Federal > Wages & Income.
  2. Scroll down to the Other Common Income section. 
  3. Click on the Start/Revisit box next Form 1099-MISC. 
  4. On the screen Did you get a 1099-MISC?  click on the Yes button.
  5. On the next screen, Let's get the info from your 1099-MISC, enter the information from the 1099-MISC.
     
  6. On the following screens, answer the following questions:
    • Did it involve work that's like your main job? No.
    • You got it in 2019
    • No, it didn't involve an intent to earn money

 7.  Continue through the rest of the interview screens. The income will appear on line 21 of form 1040 (Other Income).

 

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