topic I filled in a referral bonus in Other reportable Income. I also have it on 1099-Misc, since I received it in box 7. TT is requiring a link to sch c or another form? help in Get your taxes done using TurboTax

I filled in a referral bonus in Other reportable Income. I also have it on 1099-Misc, since I received it in box 7. TT is requiring a link to sch c or another form? help

jms6262 — Mon, 03 Jun 2019 18:34:55 GMT

What kind of bonus, who paid it, is it related to your re...

Opus 17 — Mon, 03 Jun 2019 18:34:56 GMT

What kind of bonus, who paid it, is it related to your regular job?

It's a student loan referral bonus. I received a 1099-Mis...

jms6262 — Mon, 03 Jun 2019 18:34:57 GMT

It's a student loan referral bonus. I received a 1099-Misc (line 7) from Credible. I followed these instructions, but now i'm getting stuck on the 1099-Misc worksheet.

You will go in TurboTax to:

Wages and Income

To Misc Income

to bottom one, Other reportable income, answer "Yes"

report the referral fee.

If you aren't engaged in an ongoing trade or business, th...

Opus 17 — Mon, 03 Jun 2019 18:34:58 GMT

If you aren't engaged in an ongoing trade or business, this should have been reported in box 3, not box 7. If you leave it as "other income" and don't report the 1099, you will get a letter from the IRS asking about the missing form, answer by explaining that you reported it as other income and why it is not self-employment income.

Or, delete the entry for "other income" and enter the 1099-MISC in the interview. Answer all the qualifying questions as No (not trying to make a profit, not related to your job, etc.) That should put it back on "other income." But, you still may get a letter asking why you didn't report it as self-employment income, to which give the same reply.

Awesome, thank you very much for the help!

jms6262 — Mon, 03 Jun 2019 18:34:59 GMT

Awesome, thank you very much for the help!