topic I got 1099Misc from financial institution.TTax keeps making me selfemployed but I am not.1099 states from Contract Fees.How do I stop TT from making me selfemployed? in Get your taxes done using TurboTax

I got 1099Misc from financial institution.TTax keeps making me selfemployed but I am not.1099 states from Contract Fees.How do I stop TT from making me selfemployed?

teenadie — Wed, 04 Feb 2026 06:02:38 GMT

Re: I got 1099Misc from financial institution.TTax keeps making me selfemployed but I am not.1099 states from Contract Fees.How do I stop TT from making me selfemployed?

DoninGA — Thu, 10 Apr 2025 18:00:52 GMT

To enter a Form 1099-MISC that is not for self-employment -

Click on Federal (Personal using Home & Business)
Click on Wages & Income (Personal Income using Home & Business)
Scroll down to Other Common Income
On Form 1099-MISC, click the start or update button

On the screen Did you get a 1099-MISC?, click on Yes
On the screen Let's get the info from your 1099-MISC, enter the amount received in box 3 and continue
On the screen Describe the reason for this 1099-MISC, enter a reason and Continue
On the screen Does one of these uncommon situations apply? - Select None of these apply and continue
On the screen Did the (reason) involve work that's like (your name) main job - Select No and continue
On the screen How often did (your name) get income for (reason) - Select 2024 and continue
On the screen Did the (reason) involve an intent to earn money? - Select No and continue

The amount entered from the Form 1099-MISC will be entered on Schedule 1 Line 8z
The total from Schedule 1 Part I Line 10 flows to Form 1040 Line 8

Re: I got 1099Misc from financial institution.TTax keeps making me selfemployed but I am not.1099...

ThomasM125 — Thu, 10 Apr 2025 18:01:55 GMT

When you enter the 1099-MISC form in TurboTax, you need to indicate that the money was from an activity that you didn't do in the previous or next year, that it wasn't related to you main job and you didn't have a profit motive to earn the money. Then the income will be treated as "other income" as opposed to self-employment income.

Re: I got 1099Misc from financial institution.TTax keeps making me selfemployed but I am not.1099 states from Contract Fees.How do I stop TT from making me selfemployed?

teenadie — Fri, 11 Apr 2025 00:07:56 GMT

Thank you!

Re: I got 1099Misc from financial institution.TTax keeps making me selfemployed but I am not.1099...

teenadie — Fri, 11 Apr 2025 00:08:32 GMT

Thank you!