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Level 2
February 15, 2020
Question

1099 MISC

  • February 15, 2020
  • 1 reply
  • 0 views

I received fund from the state as incentive for day care teacher making less than $15 an hour. Last year 2018 turbo tax has it as "other income or loss". This year 2019 it is under "business Sole P" and asking about expenses. Are they the same or should it be just extra income

    1 reply

    fanfare
    Level 15
    February 15, 2020

    file it as other income as per last year especially if the IRS accepted your 2018 return.

    osmania4wAuthor
    Level 2
    February 15, 2020

    Thanks

    Turbo tax giving me the run around and insisting on calling it business

    how do I get out of that?

    Employee Tax Expert
    February 18, 2020

    I apologize for your frustration!  

     

    If I am understanding you correctly, you received Form 1099-Misc. for being a daycare worker.

     

    If you earned the money as part of a self-employed business, you will need to input the information under the Federal interview section.

    1. Select Income & Expenses
    2. Select Self-employment income and expenses
    3. Proceed through the screens to enter your information.  

    If your income is not from self-employment, you will enter your information as follows:

    1. Select Income & Expenses
    2. Go to the  All Income section and select "Less Common Income"
    3. Select "Miscellaneous Income"

    Miscellaneous income

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