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Level 1
posted Feb 20, 2025 9:42:12 AM

where do you put imputed income in income section with 1099 misc

this is from legal services that are a benifit for my company.

0 1 92
1 Replies
Expert Alumni
Feb 23, 2025 11:02:20 AM

Report this as other reportable income (not from self-employment).

 

The easiest way to find this section in TurboTax Online is to find Tax Tools in the left column >> Tools >> Topic Search. Type in "1099-MISC", click the topic in the list, then Go. In TurboTax Desktop, use the Topic List found in the header.

 

Follow the steps below to report income on 1099-MISC.

 

  • Select Federal from the left side menu.
  • Click on Wages & Income.
  • Scroll down to Other Common Income.  Click Show more.
  • Click Start / Revisit to the right of 1099-MISC.
  • Enter a description under Describe the reason.
  • Select 'None of these apply' at the screen Does one of these uncommon situations apply?
  • Select 'No' at the screen Did the income involve work.
  • Select 'No' at the screen Did the income involve an intent to earn money?

The income will appear on Schedule 1 Line 8 and on Form 1040 Line 8.