topic My 1099-misc form does not have the boxes listed in turbo tax. How do I report income received from a settlement? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/my-1099-misc-form-does-not-have-the-boxes-listed-in-turbo-tax-how-do-i-report-income-received-from-a/01/609664#M247144 <P>My form includes items such as federal, state, social security and medicare taxes withheld.&nbsp; On the top of the form, but not inside the boxes forms there is an area that includes gross settlement award, wages, non-wages, interest and taxes withheld.&nbsp; Please advise how to report this information.</P> Thu, 06 Jun 2019 06:06:59 GMT 13sgard 2019-06-06T06:06:59Z My 1099-misc form does not have the boxes listed in turbo tax. How do I report income received from a settlement? https://ttlc.intuit.com/community/taxes/discussion/my-1099-misc-form-does-not-have-the-boxes-listed-in-turbo-tax-how-do-i-report-income-received-from-a/01/609664#M247144 <P>My form includes items such as federal, state, social security and medicare taxes withheld.&nbsp; On the top of the form, but not inside the boxes forms there is an area that includes gross settlement award, wages, non-wages, interest and taxes withheld.&nbsp; Please advise how to report this information.</P> Thu, 06 Jun 2019 06:06:59 GMT https://ttlc.intuit.com/community/taxes/discussion/my-1099-misc-form-does-not-have-the-boxes-listed-in-turbo-tax-how-do-i-report-income-received-from-a/01/609664#M247144 13sgard 2019-06-06T06:06:59Z You should speak with the attorney.  It seems like the fo... https://ttlc.intuit.com/community/taxes/discussion/you-should-speak-with-the-attorney-it-seems-like-the-fo/01/609671#M247147 <P>You should speak with the attorney.&nbsp;</P><P>It seems like the former employer would have needed to issue a W2 with the withholding reported.&nbsp;</P><P>Otherwise, you can enter the 1099-MISC as "Other Income" but you would also need to enter the taxes you paid.&nbsp;</P><P>For entering the 1099-MISC:</P><P></P><P>Sign into your account and return. Click the “Pick up where I left off” bar</P> <P>Click on<B> Federal</B> on the left side-bar, then <B>Wages &amp; Income</B> along the top.</P> <P>When you get to the Income section, Scroll down to <B>Other Common Income</B> <SPAN>and <SPAN>Click<B><I> </I>Show more</B></SPAN><I></I></SPAN></P> <P> <SPAN>Click<B> Start</B><I> or </I><B>Revisit </B>for<I> </I><B>Form 1099-MISC</B></SPAN> </P> <P>Enter a description for the non-work income, such as “Wage Settlement” for the reason and Continue</P> <P> <SPAN>Click <B>“None of these apply.”</B> at the bottom of the list for <I>“Does one of these uncommon situations apply? </I>And <B>Continue</B></SPAN> </P> <P> <SPAN>Answer “<B>No</B>,<B> it didn’t involve work like my main job.” </B>on the next screen and <B>Continue.</B></SPAN> </P> <P> <B>Click the year</B> <SPAN> you got the reward and <B>Continue (if you received this income for more than 2 years, the IRS will consider it as self-employment)</B></SPAN> </P> <P> <SPAN>Answer <B>“No, it didn’t involve an intent to earn money.”</B> on the next screen and <B>continue.</B> </SPAN> </P> <P> <SPAN>Do you have another 1099-MISC? Click <B>No</B> and<B> Continue</B></SPAN> </P> <P> <B>Click Done. </B> </P> <P>The income will show as a line item on line 21 of Schedule 1 of the 1040 and not as Self-employment.&nbsp;</P><P> <B> <U>To enter the withholding:</U> </B> </P><P>Click <B>Federal&nbsp;</B></P><P>Click <B>Deductions &amp; Credits</B></P><P>Scroll down to <I>"Estimates and Other Taxes Paid"</I> click <B>Show more </B>(Click Show all if necessary)&nbsp;</P><P>Scroll down to <I>"Income Taxes Paid"</I> and click <B>Start</B></P><P>Scroll down to <I>"Other Income Taxes Paid in 2018"</I>&nbsp;</P>Click&nbsp;<B>Start</B> for<B> </B><I>"Withholding not already entered on a W-2 or 1099"</I><BR /><P></P> Thu, 06 Jun 2019 06:07:01 GMT https://ttlc.intuit.com/community/taxes/discussion/you-should-speak-with-the-attorney-it-seems-like-the-fo/01/609671#M247147 KrisD 2019-06-06T06:07:01Z
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topic My 1099-misc form does not have the boxes listed in turbo tax. How do I report income received from a settlement? in Get your taxes done using TurboTax
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https://ttlc.intuit.com/community/taxes/discussion/my-1099-misc-form-does-not-have-the-boxes-listed-in-turbo-tax-how-do-i-report-income-received-from-a/01/609664#M247144
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<P>My form includes items such as federal, state, social security and medicare taxes withheld.&nbsp; On the top of the form, but not inside the boxes forms there is an area that includes gross settlement award, wages, non-wages, interest and taxes withheld.&nbsp; Please advise how to report this information.</P>
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My 1099-misc form does not have the boxes listed in turbo tax. How do I report income received from a settlement?
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https://ttlc.intuit.com/community/taxes/discussion/my-1099-misc-form-does-not-have-the-boxes-listed-in-turbo-tax-how-do-i-report-income-received-from-a/01/609664#M247144
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<P>My form includes items such as federal, state, social security and medicare taxes withheld.&nbsp; On the top of the form, but not inside the boxes forms there is an area that includes gross settlement award, wages, non-wages, interest and taxes withheld.&nbsp; Please advise how to report this information.</P>
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You should speak with the attorney.  It seems like the fo...
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https://ttlc.intuit.com/community/taxes/discussion/you-should-speak-with-the-attorney-it-seems-like-the-fo/01/609671#M247147
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<P>You should speak with the attorney.&nbsp;</P><P>It seems like the former employer would have needed to issue a W2 with the withholding reported.&nbsp;</P><P>Otherwise, you can enter the 1099-MISC as "Other Income" but you would also need to enter the taxes you paid.&nbsp;</P><P>For entering the 1099-MISC:</P><P></P><P>Sign into your account and return. Click the “Pick up where I left off” bar</P> <P>Click on<B> Federal</B> on the left side-bar, then <B>Wages &amp; Income</B> along the top.</P> <P>When you get to the Income section, Scroll down to <B>Other Common Income</B> <SPAN>and <SPAN>Click<B><I> </I>Show more</B></SPAN><I></I></SPAN></P> <P> <SPAN>Click<B> Start</B><I> or </I><B>Revisit </B>for<I> </I><B>Form 1099-MISC</B></SPAN> </P> <P>Enter a description for the non-work income, such as “Wage Settlement” for the reason and Continue</P> <P> <SPAN>Click <B>“None of these apply.”</B> at the bottom of the list for <I>“Does one of these uncommon situations apply? </I>And <B>Continue</B></SPAN> </P> <P> <SPAN>Answer “<B>No</B>,<B> it didn’t involve work like my main job.” </B>on the next screen and <B>Continue.</B></SPAN> </P> <P> <B>Click the year</B> <SPAN> you got the reward and <B>Continue (if you received this income for more than 2 years, the IRS will consider it as self-employment)</B></SPAN> </P> <P> <SPAN>Answer <B>“No, it didn’t involve an intent to earn money.”</B> on the next screen and <B>continue.</B> </SPAN> </P> <P> <SPAN>Do you have another 1099-MISC? Click <B>No</B> and<B> Continue</B></SPAN> </P> <P> <B>Click Done. </B> </P> <P>The income will show as a line item on line 21 of Schedule 1 of the 1040 and not as Self-employment.&nbsp;</P><P> <B> <U>To enter the withholding:</U> </B> </P><P>Click <B>Federal&nbsp;</B></P><P>Click <B>Deductions &amp; Credits</B></P><P>Scroll down to <I>"Estimates and Other Taxes Paid"</I> click <B>Show more </B>(Click Show all if necessary)&nbsp;</P><P>Scroll down to <I>"Income Taxes Paid"</I> and click <B>Start</B></P><P>Scroll down to <I>"Other Income Taxes Paid in 2018"</I>&nbsp;</P>Click&nbsp;<B>Start</B> for<B> </B><I>"Withholding not already entered on a W-2 or 1099"</I><BR /><P></P>
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