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donmads
Returning Member

Help with 1099 misc?

Have two problems - have 1099 misc - 1st one is for annual indian elders stipin. reported on line 3 as other income.  can't seem to complete the forms correctly.  keeps asking all these self employment questions and asking for codes, business names, address and ein numbers.  None apply to this.  2nd 1099 is for income earned for working for a caterer.  Again asking for all the same info as the other misc income.  isn't there an easy way to enter and report this income.  all done with my return with the exception of these two items?

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1 Reply
PhyllisG
New Member

Help with 1099 misc?

To avoid the questions regarding the amount entered in box 3 of the Form 1099-MISC, do this: 

  1. Select Personal Income or Wages and Income
  2. Click the I'll choose what I work on button
  3. Scroll to Other Common Income
  4. Click Start next to Form 1099-MISC Enter your Form 1099-MISC income exactly as shown on your form.  Your entries should mirror the form 1099-MISC. 
  5. Enter "Elder Stipend" as the reason, 
  6. Click Continue 
  7. Check None Apply from the uncommon situation list 
  8. Continue navigating through the prompts
  9. Select "No" to questions regarding work and earned money, then Continue

Your entry will appear on line 21 of the Form 1040 Schedule 1 as "Other Income."

If your Form 1099-MISC box 7 is checked, you will need to report the income on the Form 1040 Schedule C or C-EZ because you are being considered an independent contractor. You are also able to claim any out-of-pocket business expenses that are related to your catering job. You should claim them no matter how minimal the amount to reduce your net income.

To enter the amount in the Schedule C, do this:

  1. Type Schedule C in Find
  2. Click the Jump to link
  3. Navigate through the program to begin entering your income and expenses

You income will appear on line 12 of the Form 1040 Schedule 1.



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