topic Why does my 1099-misc box 7 (compensation for Trust Administration) only appears in Schedule C? in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/why-does-my-1099-misc-box-7-compensation-for-trust-administration-only-appears-in-schedule-c/01/555939#M21672 <P>Also used code 999999 and do not have any expenses.&nbsp; This is not part of my usual work and less than 50 hours were used during the year to do Administration for the Trust. <BR /></P> Wed, 05 Jun 2019 05:49:29 GMT tul1p56 2019-06-05T05:49:29Z Why does my 1099-misc box 7 (compensation for Trust Administration) only appears in Schedule C? https://ttlc.intuit.com/community/business-taxes/discussion/why-does-my-1099-misc-box-7-compensation-for-trust-administration-only-appears-in-schedule-c/01/555939#M21672 <P>Also used code 999999 and do not have any expenses.&nbsp; This is not part of my usual work and less than 50 hours were used during the year to do Administration for the Trust. <BR /></P> Wed, 05 Jun 2019 05:49:29 GMT https://ttlc.intuit.com/community/business-taxes/discussion/why-does-my-1099-misc-box-7-compensation-for-trust-administration-only-appears-in-schedule-c/01/555939#M21672 tul1p56 2019-06-05T05:49:29Z It doesn't only appear in SCH C. It was put in SCH C beca... https://ttlc.intuit.com/community/business-taxes/discussion/it-doesn-t-only-appear-in-sch-c-it-was-put-in-sch-c-beca/01/555946#M21673 <P>It doesn't only appear in SCH C. It was put in SCH C because of the way you entered it, is all.</P><P> </P><P> <B>Reporting 1099-MISC (box 3 or box 7) that is not self-employment income</B> </P><P> </P><P>Under the Wages &amp; Income tab (or Personal Income tab) scroll down to Other Common Income and elect to start/update Income from form 1099-MISC. Then click YES to indicate you have a 1099-MISC.</P><P> </P><P>Enter the 1099-MISC exactly as printed, and then Continue.</P><P> </P><P>Enter the reason you got this money – be it scholarship, bonus, streaking butt naked across the 50 yard line of the super bowl, whatever. Then continue.</P><P> </P><P>Select None of these apply, then Continue.</P><P> </P><P>Select No, it didn’t involve work….. and Continue.</P><P> </P><P>Select ONLY the tax year for which this specific 1099-MISC was issued. Do not select the year that you received the 1099. Select the year for which the 1099-MISC was issued. Select no other year. Then Continue.</P><P> </P><P>Select No, it didn’t involve an intent to earn money, then Continue.</P><P> </P><P>Select NO, then Continue. </P><P> </P><P>Click the DONE button, and that does it.</P><P> <BR /></P> Wed, 05 Jun 2019 05:49:31 GMT https://ttlc.intuit.com/community/business-taxes/discussion/it-doesn-t-only-appear-in-sch-c-it-was-put-in-sch-c-beca/01/555946#M21673 Carl 2019-06-05T05:49:31Z
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topic Why does my 1099-misc box 7 (compensation for Trust Administration) only appears in Schedule C? in Business & farm
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https://ttlc.intuit.com/community/business-taxes/discussion/why-does-my-1099-misc-box-7-compensation-for-trust-administration-only-appears-in-schedule-c/01/555939#M21672
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<P>Also used code 999999 and do not have any expenses.&nbsp; This is not part of my usual work and less than 50 hours were used during the year to do Administration for the Trust. <BR /></P>
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<pubDate>Wed, 05 Jun 2019 05:49:29 GMT</pubDate>
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Why does my 1099-misc box 7 (compensation for Trust Administration) only appears in Schedule C?
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https://ttlc.intuit.com/community/business-taxes/discussion/why-does-my-1099-misc-box-7-compensation-for-trust-administration-only-appears-in-schedule-c/01/555939#M21672
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<P>Also used code 999999 and do not have any expenses.&nbsp; This is not part of my usual work and less than 50 hours were used during the year to do Administration for the Trust. <BR /></P>
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<pubDate>Wed, 05 Jun 2019 05:49:29 GMT</pubDate>
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It doesn't only appear in SCH C. It was put in SCH C beca...
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https://ttlc.intuit.com/community/business-taxes/discussion/it-doesn-t-only-appear-in-sch-c-it-was-put-in-sch-c-beca/01/555946#M21673
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<P>It doesn't only appear in SCH C. It was put in SCH C because of the way you entered it, is all.</P><P> </P><P> <B>Reporting 1099-MISC (box 3 or box 7) that is not self-employment income</B> </P><P> </P><P>Under the Wages &amp; Income tab (or Personal Income tab) scroll down to Other Common Income and elect to start/update Income from form 1099-MISC. Then click YES to indicate you have a 1099-MISC.</P><P> </P><P>Enter the 1099-MISC exactly as printed, and then Continue.</P><P> </P><P>Enter the reason you got this money – be it scholarship, bonus, streaking butt naked across the 50 yard line of the super bowl, whatever. Then continue.</P><P> </P><P>Select None of these apply, then Continue.</P><P> </P><P>Select No, it didn’t involve work….. and Continue.</P><P> </P><P>Select ONLY the tax year for which this specific 1099-MISC was issued. Do not select the year that you received the 1099. Select the year for which the 1099-MISC was issued. Select no other year. Then Continue.</P><P> </P><P>Select No, it didn’t involve an intent to earn money, then Continue.</P><P> </P><P>Select NO, then Continue. </P><P> </P><P>Click the DONE button, and that does it.</P><P> <BR /></P>
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