Should TurboTax put our 1099-Misc. income, received as retiree benefits (insurance, meal discounts) as a personal business, requiring Sched. C?

bltzpg — Wed, 05 Jun 2019 00:51:02 GMT

We receive 1099-Misc. forms for the retiree benefits our university provides--insurance, meal discounts, etc. TurboTax has always entered these as Misc. Income, but now is calling it a personal business, requiring Sched. C.

Enter it as "Other Income" and not self-employment Delete...

KrisD — Wed, 05 Jun 2019 00:51:04 GMT

Enter it as "Other Income" and not self-employment

Delete the 1099-MISC you entered and re-enter it this way:

DESKTOP

In the desktop program, start or open your return

Click FEDERAL TAXES

Click Wages & Income

Click "I'll choose what to work on" if needed

Scroll down to Miscellaneous Income, 1099-A, 1099-C (the last option) under "Less Common Income" and click Start

Scroll down to the last option "Other reportable income" and click Start

Answer "Yes" and Continue

Type "retiree benefits" into the description box and the amount.

ONLINE PROGRAMS:

Sign into your account, your return, and click "Pick up where I left off”

Click Federal

Click Wages & Income

Get to All Income and scroll down to Less Common Income and click Show more

Scroll down to Miscellaneous Income, 1099-A, 1099-C and click Start

Scroll down to Other reportable income and click Start

Type Retiree Benefits into the description box and enter the amount

Click Done

topic Should TurboTax put our 1099-Misc. income, received as retiree benefits (insurance, meal discounts) as a personal business, requiring Sched. C? in Business & farm

Should TurboTax put our 1099-Misc. income, received as retiree benefits (insurance, meal discounts) as a personal business, requiring Sched. C?

Enter it as "Other Income" and not self-employment Delete...