topic 1 time payment, where to report? in Get your taxes done using TurboTax

1 time payment, where to report?

MariaP2 — Wed, 19 Feb 2025 22:53:48 GMT

I received a 1 time payment from a company in Germany for work on an art exhibit in Germany. I am a US citizen. The money was sent to my bank account via a wire transfer and there is no 1099-NEC. On which line of my 1040 form would I list this payment? And what, if any extra forms do I need to submit?

Re: 1 time payment, where to report?

AmyC — Wed, 19 Feb 2025 23:00:43 GMT

It depends. You understand NEC so if this was business income for you, it can be entered as other cash income for your business.

If this is not business income, you can enter the income under Other Reportable Income. Follow these steps to enter the income:

go to the federal income section
scroll to the bottom
Miscellaneous Income, 1099-A, 1099-C, Start
Scroll to the bottom
Other reportable income, Start
Other taxable income?
Select YES
Description - whatever you want to say,
Amount, enter your amount of income

Re: 1 time payment, where to report?

MariaP2 — Wed, 19 Feb 2025 23:18:29 GMT

Thanks.

I don't see

Miscellaneous Income, 1099-A, 1099-C, Start

In the Federal Income choices

But I do see Less Common Income Home sale, canceled debt (1099-C, 1099-A), 1099-SA, gambling, etc., in which I do find the Miscellaneous Income, 1099-A, 1099-C

Is this the correct choice?

Re: 1 time payment, where to report?

Vanessa A — Wed, 19 Feb 2025 23:19:59 GMT

Yes, that is the correct choice.