Need help entering a 1099-MISC form

dtwoodscross — Thu, 06 Jun 2019 19:18:10 GMT

If the amount is reported in Box 3 of your 1099-Misc, you...

SamiaI — Thu, 06 Jun 2019 19:18:12 GMT

If the amount is reported in Box 3 of your 1099-Misc, you enter it as other income on Line 21 of your tax return. You do not have to file a Schedule C for that amount, since you are not considered self employed. You may delete Schedule C if you are using it to report Only the income from the 1099-Misc.

Try the steps below to enter Box 3 income from 1099-Misc:

Click the Federal Taxes tab ( Personal in the Home & Business version)
Click Wages & Income. (Personal income in the H & B version)
Click "I'll choose what I work on."
On the screen "Your 2017 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.

If it's a 1099-Misc, with an amount in Box 7, you are considered self-employed and enter the income and expenses in Schedule C. Also, you will have to upgrade to TurboTax Self-Employed.

We'll automatically create and fill out Schedule C or C-EZ when you set up your business in TurboTax, or when you enter what the IRS considers self-employment income (often reported on a 1099-MISC).

Schedules C and C-EZ are supported in TurboTax Self-Employed (online and mobile app) and in all personal 1040 versions of the TurboTax CD/Download software.

To set up your business:

Open (continue) your return, if you don't already have it open.
Inside TurboTax, search for schedule c and click or tap the "Jump to" link in the search results.
Answer Yes to Did you have any self-employment income or expenses? or Did you have any income and expenses for a business in 2017? and follow the onscreen instructions.

Or, if you need the Schedule C to report a 1099-MISC, search for 1099misc, then click/tap the "Jump to" link in the search results. Answer Yes to Did you get a 1099-MISC? and follow the directions. We'll ask questions to find out if the income needs to go on Schedule C or C-EZ; if it does, we'll add the schedule to your return.

Note: On returns that only require Schedule C-EZ, we'll also generate Schedule C, but this is only used for calculation purposes and isn't filed with the return.

topic Need help entering a 1099-MISC form in Get your taxes done using TurboTax

Need help entering a 1099-MISC form

If the amount is reported in Box 3 of your 1099-Misc, you...