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spulgini
New Member

Does 1099 Misc for gift card income for taking on-line surveys get treated as self employment? Can this be treated as a hobby and not SE? How is this entered in TT?

 
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Coleen3
Intuit Alumni

Does 1099 Misc for gift card income for taking on-line surveys get treated as self employment? Can this be treated as a hobby and not SE? How is this entered in TT?

If it is in Box 7, then it is unfortunately, self-employment income. The IRS gets a copy of the 1099 so they will be looking to see it on Schedule C. If it is Box 3, it is other income.

There are several types of 1099-MISC forms, with different requirements on your tax return (See details below).

  • After you enter the info from your form, we’ll ask you questions to determine the type of 1099-MISC, whether that’s Self-Employment or another type like Rental Properties and Royalties, Farm Income and Farm Rental, etc. We’ll determine what type of income you received and link your 1099-MISC to the correct income section of your return.
Instructions

  1. Open your return.
     (To do this, sign in to TurboTax and click the Take me to my return button.)
  2. Search for “1099-misc” at the top. In the search results, click the “Jump to” link.
  3. Now follow the screens to enter your 1099-MISC info and answer some questions.

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1 Reply
Coleen3
Intuit Alumni

Does 1099 Misc for gift card income for taking on-line surveys get treated as self employment? Can this be treated as a hobby and not SE? How is this entered in TT?

If it is in Box 7, then it is unfortunately, self-employment income. The IRS gets a copy of the 1099 so they will be looking to see it on Schedule C. If it is Box 3, it is other income.

There are several types of 1099-MISC forms, with different requirements on your tax return (See details below).

  • After you enter the info from your form, we’ll ask you questions to determine the type of 1099-MISC, whether that’s Self-Employment or another type like Rental Properties and Royalties, Farm Income and Farm Rental, etc. We’ll determine what type of income you received and link your 1099-MISC to the correct income section of your return.
Instructions

  1. Open your return.
     (To do this, sign in to TurboTax and click the Take me to my return button.)
  2. Search for “1099-misc” at the top. In the search results, click the “Jump to” link.
  3. Now follow the screens to enter your 1099-MISC info and answer some questions.
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