I received a 1099-Misc for a year end bonus. Turbo Tax online has me completing a schedule C for self employed income. Is this correct and what is the principle business activity code?
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A year-end bonus from your employer should not have been reported on a 1099, and you should not create a business.
Instead of utilizing the 1099-MISC input and creating a business, follow these steps in TurboTax Online:
I have followed your instructions and appreciate the prompt reply.
I have a question regarding the final step, entering the employer information from my W-2. The W2 and the 1099-Misc have different Employers listed and EIN's. My W2 shows Trinet (our benefits/payroll company) as the employer and the 1099-Misc shows the actual company I work for. Do I enter the EIN information from the w-2 or 1099-Misc?
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