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Level 2
posted Mar 2, 2024 8:32:37 AM

Enter amount without a 1099 MISC?

I was given a credit reporting correction of $625 from a bank i had a home loan from .  In the letter is stated I would get a 1099 MISC to report this. I never got one. So my question is can I report this on my turbo tax without actually having the tax document itself?  If so can someone tell me the steps to enter it? Thank you in advance.

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1 Best answer
Expert Alumni
Mar 2, 2024 8:48:41 AM

Since you did not receive the Form 1099-MISC, you will enter it as 'other taxable income' where it will be reported on Form 1040 Schedule 1 line 8z.  It will then be included as part of Form 1040 line 8.  

 

Use these steps:

 

  • Go to the Federal > Income section
  • Scroll down to the bottom where you see Less Common Income
  • Click Start beside the last item Miscellaneous Income, 1099-A, 1099-C
  • Scroll down to the bottom and click Start beside  Other Reportable Income
  • Type a short description for the payment and then enter the amount

 

1 Replies
Expert Alumni
Mar 2, 2024 8:48:41 AM

Since you did not receive the Form 1099-MISC, you will enter it as 'other taxable income' where it will be reported on Form 1040 Schedule 1 line 8z.  It will then be included as part of Form 1040 line 8.  

 

Use these steps:

 

  • Go to the Federal > Income section
  • Scroll down to the bottom where you see Less Common Income
  • Click Start beside the last item Miscellaneous Income, 1099-A, 1099-C
  • Scroll down to the bottom and click Start beside  Other Reportable Income
  • Type a short description for the payment and then enter the amount