topic Received a 1099-misc for ca waiting time penalties, how do i account for it? in Get your taxes done using TurboTax

Received a 1099-misc for ca waiting time penalties, how do i account for it?

caseywest — Thu, 06 Jun 2019 13:31:37 GMT

LeeM — Thu, 06 Jun 2019 13:31:38 GMT

You would enter that Form 1099-MISC as OTHER INCOME using the directions in the FAQ below since it was not self-employment income:

You can report it as other income on Form 1040 line 21. Here's how to enter it in TurboTax.

Click the Federal Taxes tab
Click Wages & Income
On the screen "Your 2016 Income Summary," scroll all the way down to the last section, "Less Common Income."
Click the Start or Update button for the last topic, "Miscellaneous Income, 1099-A, 1099-C."
On the next screen, "Let's Work on Any Miscellaneous Income," scroll down and click the Start or Update button for the last topic, "Other reportable income."
The next screen asks, "Did you receive any other taxable income." Click Yes.
On the next screen, "Other Taxable Income," enter a description and the amount. Click Continue.
On the next screen click Done.

The income will be reported on Form 1040 line 21 with the description that you entered.

bullitt — Thu, 06 Jun 2019 13:31:40 GMT

But it adds to the Federal Tax owed when calculating. If it's not taxable, why does it add to amount owed?

alezona101 — Thu, 20 Feb 2020 20:03:38 GMT

Hey @bullitt same problem how did you resolve this?

sdaru — Mon, 13 Apr 2020 06:59:04 GMT

Hi @alezona101 Any further info on this ? I am in same situation.