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barneT
New Member

1099 Misc

I have tried to enter the information from this form and keep being rerouted to the same questions over and over again. What should I do? I received this form because I receive money from my former employer (IBM0 to help pay the Long Term Care premiums. Please get me out of this never ending circle.

 

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3 Replies
MarilynG1
Employee Tax Expert

1099 Misc

There are many kinds of 1099-Misc forms given for many different reasons.

 

When entering your 1099-Misc, don't say YES to 'is this work for a former employer'.

 

Indicate that this 'is not my main job' and you had 'no intent to earn money' (screenshots). 

 

The income will be reported as Other Income, and you can enter your own description. 

 

Be sure to claim the corresponding Long Term Care Insurance Premiums you paid as Medical Expenses.

 

 

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barneT
New Member

1099 Misc

Can I deduct LTC Insur payments even if I'm using the Standard deduction? Also what deductions can I take if II'm using the standard deduction, does Turbo have a link that will answer that question for me?

DMarkM1
Employee Tax Expert

1099 Misc

Here is a link to Schedule 1.  Part II of this form is adjustments to income, a list of deductions, before itemizing.  

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