Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 3
posted Jan 25, 2022 12:32:10 AM

1099-misc missing

How do we post miscellaneous income when no 1099-misc is to be supplied?

0 11 1203
11 Replies
Expert Alumni
Jan 25, 2022 5:15:56 AM

If your miscellaneous income is not self-employment income, enter it as other reportable income. Follow these steps:

  1. Sign into your TurboTax account.
  2. Select Federal from the left side menu.
  3. On the Wages and income screen, scroll down to Add more income. If you don’t see this, scroll down to Less Common Income and select Show more.
  4. Select Miscellaneous Income, 1099-A, 1099-C and Start.
  5. On the Let’s Work on Any Miscellaneous Income screen, select Other reportable income and Start.
  6. On the Any Other Taxable Income? screen, select Yes.
  7. On the Other Taxable Income screen, enter a description and amount, then Continue.
  8. On the Other Miscellaneous Income Summary screen, confirm the entry and select Done.

 

To check the entry, Preview your 1040. Other reportable income is reflected on Schedule 1, line 10.

 

If the income is from self employment (independent contractor) please see the following TurboTax FAQ: How do I report income from self-employment?

 

Level 3
Jan 25, 2022 6:43:15 AM

Why do you people keep posting these "expert" replies assuming we are using the on-line version of TT?

The question was for the downloaded version AND NO THEY ARE NOT THE SAME!!!!!!!!!! I have to conclude that Intluit is intending to do away with the download & CD versions next year. Nothing you responded with corresponds to the download version. The download version does not have an "add more income" entry. Furthermore, step-by-step for 1099-misc requires entries taken from that very form. Their is no selection for entering data not taken from the misc form. I could always fill it out guessing what goes in what box, I suppose.

Level 15
Jan 25, 2022 7:03:19 AM


@Basement_Buzzard wrote:

Why do you people keep posting these "expert" replies assuming we are using the on-line version of TT?

The question was for the downloaded version AND NO THEY ARE NOT THE SAME!!!!!!!!!! I have to conclude that Intluit is intending to do away with the download & CD versions next year. Nothing you responded with corresponds to the download version. The download version does not have an "add more income" entry. Furthermore, step-by-step for 1099-misc requires entries taken from that very form. Their is no selection for entering data not taken from the misc form. I could always fill it out guessing what goes in what box, I suppose.


Most TurboTax users, about 90%, are completing their tax return with the online editions.  We have no way to know which edition that is being used if the user posting the question does not select their product when entering their question.

 

For the desktop editions -

  • Click on Federal Taxes (Personal using Home & Business)
  • Click on Wages & Income (Personal Income using Home & Business)
  • Click on I'll choose what I work on
  • Scroll down to Less Common Income
  • On Miscellaneous Income, 1099-A, 1099-C, click the start or update button

On Other Reportable Income, click the start or update button

On the screen Any Other Taxable Income?  Click on Yes

Enter the income description, the amount and Continue

Level 3
Jan 27, 2022 8:24:35 AM

This appears to work. Finally a respectable answer. Thanks much!

The choice of designating crypto mining as a hobby vs. business depends on a great many things.

These include time & effort spent, intent to make a profit, dependence on mining income, mining profitability, etc. In my case I use my computer part time for mining. It is not dedicated to mining. 

Expert Alumni
Jan 27, 2022 8:48:24 AM

If you are reporting the crypto mining as a business then you can deduct the business use portion of the computer.  However, if this is hobby income, entered under Any Other Taxable Income as indicated by @DoninGA and @HelenC12, there is nothing you can deduct for the computer.

 

The proof of business use and personal use is the time spent on each and a log that provides proof for audit purposes.  Keep this with your tax records if you decide to use self-employment income entry with the Form 1099-MISC and you decide to depreciate your computer. 

 

 

Level 3
Jan 27, 2022 12:41:18 PM

Are you referring to the online or download versions of TT? They are NOT the same. However, I have listed my hobby income under "Less Common Income" >> "Miscellaneous Income" >> "Other reportable income". This seems to work fine until TT does a tax review. Then it insists I fill out Schedule "C" as a business. What is going on?

Level 15
Jan 27, 2022 12:52:28 PM


@Basement_Buzzard wrote:

Are you referring to the online or download versions of TT? They are NOT the same. However, I have listed my hobby income under "Less Common Income" >> "Miscellaneous Income" >> "Other reportable income". This seems to work fine until TT does a tax review. Then it insists I fill out Schedule "C" as a business. What is going on?


There is a separate entry for Hobby Income and Expenses in the Miscellaneous income section.

 

Level 3
Jan 27, 2022 12:54:54 PM

Thank you...I will try that.

Level 3
Jan 27, 2022 1:08:17 PM

I deleted my entries I entered in "other reportable income" and added them to "Hobby income..." .

All works well till the review. TT still insists I fill out Schedule "C"

Level 15
Jan 27, 2022 1:16:21 PM


@Basement_Buzzard wrote:

I deleted my entries I entered in "other reportable income" and added them to "Hobby income..." .

All works well till the review. TT still insists I fill out Schedule "C"


See if there is a Schedule C in Forms and if so delete the Schedule C.

Level 3
Jan 27, 2022 1:21:44 PM

It looks like that solved the problem...thanks so much!