1099 misc prize winnings

[dmclemore66]

Cannot get to Line 21 to enter amount

[SweetieJean]

Did you get a W-2G for this?

[Critter]

You will need to upgrade to the Deluxe version to get that ....

You can report it as other income on Form 1040 line 21. Here's how to enter it in TurboTax.

• Click the Federal Taxes tab ( Personal in the Home & Business version)
• Click Wages & Income. (Personal income in the H & B version)
• Click "I'll choose what I work on."
• On the screen "Your 2015 Income Summary," scroll all the way down to the last section, "Less Common Income."
• Click the Start or Update button for the last topic, "Miscellaneous Income, 1099-A, 1099-C."
• On the next screen, "Let's Work on Any Miscellaneous Income," scroll down and click the Start or Update button for the last topic, "Other reportable income."
• The next screen asks, "Did you receive any other taxable income." Click Yes.
• On the next screen, "Other Taxable Income," enter a description and the amount. Click Continue.
• On the next screen click Done.

The income will be reported on Form 1040 line 21 with the description that you entered.

[rjs]

I assume that the prize is in box 3 of the 1099-MISC. You cannot report income on Form 1040 line 21 in TurboTax Free Edition. I think you can start to enter the 1099-MISC, but it will tell you that you have to upgrade to Deluxe, which is not free. Here's how to enter a 1099-MISC with income in box 3 in TurboTax so that it is reported on Form 1040 line 21.

• Click the Federal Taxes tab.
• Click Wages & Income.
• Click "I'll choose what I work on" or "Jump to a full list."
• On the screen "Your 2016 Income Summary," scroll down to the section "1099-MISC and Other Common Income." Click the Start button for "Income from Form 1099-MISC."
• The next screen asks "Did you get a 1099-MISC?" Click Yes.
• On the next screen enter the information from the 1099-MISC form, then click Continue.
• TurboTax will now ask a series of questions about the 1099-MISC income. Answer as follows, even if some of the answers aren't true.
• "Describe the reason for this 1099-MISC." - It doesn't matter what you enter. Enter a short description such as "Prize." Click Continue. You will see this description used in some of the subsequent questions.
  
• "Does one of these uncommon situations apply?" - Select the last choice, "None of these apply," and click Continue.
• "Did the Prize involve work that's like your main job?" - Select No and click Continue.
• "How often did you get income for Prize?" - "I got it in 2016" will already be checked. Don't check any of the other boxes. Just click Continue.
• "Did the Prize involve an intent to earn money?" - Select No and click Continue.

This will report the income as Other income on Form 1040 line 21 with the description "Other Income from box 3 of 1099-Misc."