Got a 1099-MISC for a legal services plan for $26.00. I entered the information. $26.00 in Other Income in Box 3. Said no to all the other questions. Smart Check show 10 errors about this income. The 1st error wants a principal business code. 2nd wants a business name and address. Then accounting method. It just gets worse from there. There are no answers for each of these questions as I am not a business or actively involved in making money as this is a benefit that is taxable. This happens nearly every year and there seems to be a different answer or work around every year for something as simple for imputed income for a taxable benefit.
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Delete the 1099-Misc and enter it using the steps below so it does not think it is self-employment income.
Take the following steps:
Thanks,
Looked back into a previous year answer that worked and found out it still worked.
I had to delete the both the 1099-MISC information and the Schedule 1 form and go back and enter the 1099-MISC following the instructions similar to your answer. It worked and I have no errors on my Smart Check.
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