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Level 2
April 9, 2021
Question

1099-MISC question

  • April 9, 2021
  • 1 reply
  • 5 views

I earned income from a direct marketing company and received a 1099-MISC.  Turbo Tax asked me twice about the same 1099-MISC.  I do not earn money from this direct marketing company EXCEPT for what was on the 1099-MISC.  From reading the tax guides, it looks like I can list this within the same questions that cover the 1099-NEC forms and not a part of a Schedule C.    Can someone confirm this for me?   

I am not sure why Turbo Tax asked me twice for the same information.  

    1 reply

    Level 15
    April 9, 2021

    You can enter the 1099-MISC in TurboTax as "Other Common Income," which is reported on line 8 of 1040 Schedule 1 and will not generate Schedule C or SE tax.  Please use the following steps:

    1. Click on Federal > Wages & Income.
    2. Scroll down to the Other Common Income section. 
    3. Click on the Start/Revisit box next Form 1099-MISC. 
    4. On the screen Did you get a 1099-MISC?  click on the Yes button.
    5. On the next screen, Let's get the info from your 1099-MISC, enter the information from the 1099-MISC.
       
    6. On the following screens, answer the following questions:
      • Did it involve work that's like your main job? No.
      • You got it in 2020
      • No, it didn't involve an intent to earn money

     7.  Continue through the rest of the interview screens. The income will appear as Other Income.

    earsm007Author
    Level 2
    April 9, 2021

    Thank you for your detailed response.  I feel comfortable filing now.