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Received a 1099 MISC for a state surplus, one time refund. NOT from self employment which is how Turbo Tax wants to categorize it. How do I report it?

for Minnesota
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1 Reply
JamesG1
Expert Alumni

Received a 1099 MISC for a state surplus, one time refund. NOT from self employment which is how Turbo Tax wants to categorize it. How do I report it?

Are you referring to the Minnesota Tax Rebate Payment?  If so, the Minnesota payments are taxable income on the Federal 1040 tax return but not subject to self-employment income.

 

The payment is not taxable income on the Minnesota state income tax return.  Follow these steps to report the payment reported on IRS form 1099-MISC.

 

  • Down the left side of the screen, click Federal.
  • Down the left side of the screen, click Wages & Income.
  • Click Show more to the right of Less Common Income.
  • Select Miscellaneous Income, 1099-A.
  • Select Other reportable Income.
  • As a description enter MN Direct Tax Rebate Payment.

In the Minnesota tax return, remove the income at the screen Minnesota Tax Rebate Payment.

 

Information on the Minnesota Direct Tax Rebate Payments may be found here.

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