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modeltford26
New Member

I have a question I am retired, drawing social security, drawing a pension and working part time and got a 1099 misc. which package should I use?

I get a 1099r form my pension and investments, a 1099ss from social security, and a 1099 miscellaneous from a part time job.

Before the part time job I used the delux package.  Is that still a good choice?  I was paid less than $1500 for the part time job.

1 Best answer

Accepted Solutions
maglib
Level 10

I have a question I am retired, drawing social security, drawing a pension and working part time and got a 1099 misc. which package should I use?

You can either report the money as hobby income or as self employed as [mention://77258962 [mention://77258962 @TurboTaxKatrinaB]] reported.  Hobby income won't require you to upgrade to TT Self employed but won't allow you to deduct expenses unless you are itemizing and are subject to further limitations.  How to report hobby income here: https://ttlc.intuit.com/replies/5675605 . Do note that intent to make a profit is a requirement to report as self employed as otherwise the IRS will consider it a hobby.  Read more about Hobby vs. Self Employed at IRS here https://www.irs.gov/newsroom/hobby-or-business-irs-offers-tips-to-decide
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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4 Replies
maglib
Level 10

I have a question I am retired, drawing social security, drawing a pension and working part time and got a 1099 misc. which package should I use?

how much is your 1099-misc for and for what type of activity?
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
modeltford26
New Member

I have a question I am retired, drawing social security, drawing a pension and working part time and got a 1099 misc. which package should I use?

$1447.35.   Picking up cars at auction lots for a dealership.
maglib
Level 10

I have a question I am retired, drawing social security, drawing a pension and working part time and got a 1099 misc. which package should I use?

You can either report the money as hobby income or as self employed as [mention://77258962 [mention://77258962 @TurboTaxKatrinaB]] reported.  Hobby income won't require you to upgrade to TT Self employed but won't allow you to deduct expenses unless you are itemizing and are subject to further limitations.  How to report hobby income here: https://ttlc.intuit.com/replies/5675605 . Do note that intent to make a profit is a requirement to report as self employed as otherwise the IRS will consider it a hobby.  Read more about Hobby vs. Self Employed at IRS here https://www.irs.gov/newsroom/hobby-or-business-irs-offers-tips-to-decide
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
KatrinaB
Intuit Alumni

I have a question I am retired, drawing social security, drawing a pension and working part time and got a 1099 misc. which package should I use?

You qualify to use TurboTax Deluxe if you don't have any expenses to claim for your 1099-MISC income. If you do have expenses then you'll need to file using TurboTax Self-Employed. 

Please view the TurboTax link below for more information about possible deductions. 

https://turbotax.intuit.com/tax-tips/self-employment-taxes/tax-topics-for-freelancers-contractors-an...

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