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1099 misc was for automated teller machines refunds (atm's) my bank provides when using other bank atm's. turbo tax keeps asking for a review when i file it under other ?

 
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ToddL99
Expert Alumni

1099 misc was for automated teller machines refunds (atm's) my bank provides when using other bank atm's. turbo tax keeps asking for a review when i file it under other ?

How much "income" was reported on this 1099-MISC?

 

Your bank should not have reported these "refunds" as income on a 1099-MISC -  they are not "income" to you, just a return of non-deductible fees you were charged to access your funds.

 

If, however, you did claim a deduction for the fees then the "refund" is income to you.

 

In any case, you can report this in the following manner:

  • Type "1099 misc" in the search window 

  • Click on "jump to 1099 misc" 

  • Enter the information from your Form 1099-MISC, and click on Continue 

  • Enter a description and click on Continue 

  • On the screen with "Does one of these uncommon situations apply?", indicate "None of these apply" 

  • Answer "No..." to "Did the [Description] involve work that's like your main job?" 

  • Answer "I got it in 2020" when asked "How often did you get income for [Description]?" 

  • Answer "No, it didn't involve an intent to earn money." 

The amount will be reported on line 8 of Schedule 1 (Form 1040). 

 

 

 

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