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adam
New Member

If I entered a 1099-MISC and completed all questions and the amount is reflected on the income tally, why does the system still mark it as "NOT STARTED"?

I have deleted and re-added the 1099-MISC multiple times. Also, it is investment income, but it insists on counting it as income related to my side job.
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Accepted Solutions
DianeW777
Expert Alumni

If I entered a 1099-MISC and completed all questions and the amount is reflected on the income tally, why does the system still mark it as "NOT STARTED"?

It may depend on what type of investment income to determine the best place to enter it. However, you can follow the steps below so that it doesn't indicate it is self employment or related to your side job.

 

It's important that you made the appropriate selections so that TurboTax does know that it was not self employment income.

  1. Open your TurboTax Online/Mobile or TurboTax Desktop tax return
  2. Search (upper right) > type 1099misc > click the Jump to... link
  3. Begin your entry of the 1099-MISC.
  4. It's important for you to select 'None of these apply" and then you should also select the following:
    1. 'No' on the screen 'Did the '____' involve work that's like your main job?'
    2. 'No' on the screen 'Did the '____'  involve an intent to earn money?'

This will report the income without any business/self employment activity and it will show up on Form 1040, Line 8 (From Schedule 1, Line 8z).

  • Continue to complete this section.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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2 Replies
DianeW777
Expert Alumni

If I entered a 1099-MISC and completed all questions and the amount is reflected on the income tally, why does the system still mark it as "NOT STARTED"?

It may depend on what type of investment income to determine the best place to enter it. However, you can follow the steps below so that it doesn't indicate it is self employment or related to your side job.

 

It's important that you made the appropriate selections so that TurboTax does know that it was not self employment income.

  1. Open your TurboTax Online/Mobile or TurboTax Desktop tax return
  2. Search (upper right) > type 1099misc > click the Jump to... link
  3. Begin your entry of the 1099-MISC.
  4. It's important for you to select 'None of these apply" and then you should also select the following:
    1. 'No' on the screen 'Did the '____' involve work that's like your main job?'
    2. 'No' on the screen 'Did the '____'  involve an intent to earn money?'

This will report the income without any business/self employment activity and it will show up on Form 1040, Line 8 (From Schedule 1, Line 8z).

  • Continue to complete this section.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
adam
New Member

If I entered a 1099-MISC and completed all questions and the amount is reflected on the income tally, why does the system still mark it as "NOT STARTED"?

Thank you so much. One caveat is that I also have to choose whether I earned income like this prior or intend to in the future.  I unchecked the boxes for intent and that allowed the question re: whether I earned it with intent to show up.

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