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posted Mar 14, 2021 3:39:48 PM

I received AK Permanent Fund Dividend distribution. I entered it as directed under 1099-MISC. However it doesnt show up as income. Where is it?

I followed the directions given. It was there. But after correcting a 1099-NES and deleting a schedule c, the amount for 1099-MISC (AK PFD) doesnt show as income. Help!

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Expert Alumni
Mar 14, 2021 4:11:38 PM

Delete the 1099-MISC and then re-enter it according to these instructions below.

 

Step 1.  Delete the 1099-MISC.

  1. Go into Forms Mode by clicking on the Forms icon in the top right of the blue bar
  2. In the Forms in My Return list on the left, click on the form you wish to open and delete.
  3. Click on the Delete Form box at the bottom of the screen.
  4. To return to the interview, click on the Step-By-Step icon in the top right of the blue bar.  

 

Step 2.  Reenter the 1099-MISC.

 

You can enter the 1099-MISC in TurboTax as "Other Common Income," which is reported on line 8 of 1040 Schedule 1 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 as Other Income.