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jdew5
New Member

Does turbotax have a problem with 1099misc handling

i work for a car dealership and I get additional income from general motors based on new car sales. I am not self-employed, so how do I handle it?
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Accepted Solutions
ToddL
New Member

Does turbotax have a problem with 1099misc handling

No problem! Here is how you handle it:

Enter the 1099-MISC in the "Income from Form 1099-MISC" interview, found under Federal Taxes > Wages and income > Other Common Income.

After the 1099-MISC input screen, you will be asked to "Describe the reason for this 1099-MISC". Enter "Manufacturer's incentive".

The next screen asks "Does one of these uncommon situations apply? "Check the box for "This was a manufacturers incentive payment."

(See attached sample screenshot). 

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1 Reply
ToddL
New Member

Does turbotax have a problem with 1099misc handling

No problem! Here is how you handle it:

Enter the 1099-MISC in the "Income from Form 1099-MISC" interview, found under Federal Taxes > Wages and income > Other Common Income.

After the 1099-MISC input screen, you will be asked to "Describe the reason for this 1099-MISC". Enter "Manufacturer's incentive".

The next screen asks "Does one of these uncommon situations apply? "Check the box for "This was a manufacturers incentive payment."

(See attached sample screenshot). 

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