1099MISC

[reece1]

Have 1099MISC for referring football games.  Why is TT treating it like I owned a business and having to fill out all these extra schedules that will be all zeros? Just want to declare income. 

[JotikaT2]

It depends. 

If you are a referee as part of a business with the intent to make money, it would be considered a self-employed business.  You would be subject to self-employment taxes but would be able to deduct expenses incurred as part of this venture.

If you are reporting this income as self-employment income, you will do the following in the Federal interview section: 

1. Select Income & Expenses 
2. Select Self-employment income and expenses 
3. Proceed through the screens to enter your information 
4. When you see the following for income, make sure to select"Other self-employed income.  Includes 1099-K, cash, and checks." 

However, if you are just doing on the side as a hobby, it would not be considered a business.   You will need to report the income but will not be able to report any expenses.

If it is not from self-employment, you would enter the information as follows: 

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

You will then select "Other reportable income"to enter your income from your 1099-Misc.