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How to show 1099m Line 3 that is not subject to FICA per 5th court of Appeals?

 
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1 Best answer

Accepted Solutions
Hal_Al
Level 15

How to show 1099m Line 3 that is not subject to FICA per 5th court of Appeals?

The IRS considers anything in box 7 of 1099-MISC to be self employment income. TurboTax (TT) aggressively steers you in that direction, even if the money is in box 3. 

 That said, the key to getting TT to treat it as other income is to follow these steps:

 Enter the 1099-Misc

On the next screen Describe what the payment was for

On the next screen select "none of these apply"

On the next screen select "No it didn't involve work like my main job"

On the next screen select "I got it in 2018" ONLY

On the next screen select No, it didn't involve intent to earn money

TT will put the amount on line 21 of form 1040 (Schedule 1) as other income


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3 Replies

How to show 1099m Line 3 that is not subject to FICA per 5th court of Appeals?

Why did you receive the income reported on the Form 1099-MISC in box 3?

How to show 1099m Line 3 that is not subject to FICA per 5th court of Appeals?

OP's other posts suggest that he/she is self-employed.
Hal_Al
Level 15

How to show 1099m Line 3 that is not subject to FICA per 5th court of Appeals?

The IRS considers anything in box 7 of 1099-MISC to be self employment income. TurboTax (TT) aggressively steers you in that direction, even if the money is in box 3. 

 That said, the key to getting TT to treat it as other income is to follow these steps:

 Enter the 1099-Misc

On the next screen Describe what the payment was for

On the next screen select "none of these apply"

On the next screen select "No it didn't involve work like my main job"

On the next screen select "I got it in 2018" ONLY

On the next screen select No, it didn't involve intent to earn money

TT will put the amount on line 21 of form 1040 (Schedule 1) as other income


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