1099 Misc

Forum|Forum|4 years ago
February 25, 2022
1 reply
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My son received a 1099-MISC from his employer. They put money in a fund for the employers and at times they receive payments from it. It is not a retirement fund. When I enter it in Turbo Tax it thinks that it is money from being self-employed and then asks questions that aren't necessary. How do I change this?

FangxiaL

Level 10

To report the 1099-Misc form as other income:

Open or continue with the return
Click on Show more next to Other Common Income under the Income & Expenses section
Click on Start/Revisit next to Form 1099-MISC
Enter the information from the 1099-MISC form.

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kdraaAuthor

Level 2

That's what I have done, but then it asks me questions about the income being from self-employed and asks me the name of business when the income is from his main employment.

Critter-3

Level 15

Down the left side of the screen, click Federal.
In the center of the screen, click Income & expenses.
On the screen Your income and expenses, 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.