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About 1040 schedule1 other income

I have an income that I would like to fill in the other income box (line8) of 1040 schedule1. I haven't received the corresponding tax form like 1099, so I don't know how I can use turbotax to put this income in that place. I've gone through all the processes and can't find an interface about what to fill in for schedule 1. Looking forward to answer.

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1 Best answer

Accepted Solutions
JohnB5677
Expert Alumni

About 1040 schedule1 other income

I will note that there is a significant difference between different forms of "Miscellaneous" income.  Some may have self-employment tax included, and others not.  If self-employment tax is determined, you may have to include the income in a business.

 

If you simply want to post the money as cash on the other income section of Schedule 1:

  1. Go to Wages & Income
  2. Scroll to Other Common Income
  3. Select Form 1099-MISC
  4. Did you get a 1099-MISC? = Yes
  5. This will bring up an entry form
  6. Your income will be posted in Box 3 (Other Income)
  7. Then complete the interview

 

This will result in an entry on Schedule 1

 

 

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1 Reply
JohnB5677
Expert Alumni

About 1040 schedule1 other income

I will note that there is a significant difference between different forms of "Miscellaneous" income.  Some may have self-employment tax included, and others not.  If self-employment tax is determined, you may have to include the income in a business.

 

If you simply want to post the money as cash on the other income section of Schedule 1:

  1. Go to Wages & Income
  2. Scroll to Other Common Income
  3. Select Form 1099-MISC
  4. Did you get a 1099-MISC? = Yes
  5. This will bring up an entry form
  6. Your income will be posted in Box 3 (Other Income)
  7. Then complete the interview

 

This will result in an entry on Schedule 1

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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