I received a 1099-Misc for $645 for participating in a research study. So I should not be considered self-employed. How do I get Turbotax from generating a Schedule C?
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Generally, income from a 1099-MISC form is considered self-employment income but here are the instructions to enter the form so it is not included in self-employment income. First you can delete the 1099-MISC form that you already entered and then enter it again.
You will be able to see this income on Line 8 of your 1040. When you pay for TurboTax you will be able to view your forms.
No, I did not get the answer in time to file my return on time. The number did not appear on line 8 of the 1040. But there also was NO Schedule C, which was my goal. Turbotax said my return passed inspection, was correct and that it should be filed. I also got an email later that said the return had been accepted. I suppose that at some future date, someone at the IRS will try to squabble over a $648 1099-misc. I spent many extra hours trying to get the return to do the right thing. There has to be a better more efficient way to answer client's questions.
The answer was posted just 20 minutes after your question. You should have gotten an email with the answer and to check the forum.
Did the $648 get reported on your tax return?
Keep your 1099-MISC and all of your tax documents together.
You can always file an amended return to report it if it did not get reported.
Click here for a TurboTax video on amending your tax return.
Click here for how to correct your federal taxes.
Click here for a TurboTax article on filing tax return amendments.
Click here for TurboTax article on amending your tax return.
Click here for additional information on amending your tax return.
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