- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
How do I input Misc Income from a 1099 Misc Income that is not a business or farm income, but a reimbursement as a retiree from my employer?
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
How do I input Misc Income from a 1099 Misc Income that is not a business or farm income, but a reimbursement as a retiree from my employer?
You are doing nothing wrong. Here is how to report this as "Other Income" on your tax return:
Start in Federal Taxes >> Wages & Income >> 1099-MISC and Other Common Income >> Income From Form 1099-MISC. Click "Start" work through the interview.
After entering the info from the 1099-MISC, continue until you see the question about this being connected to your main job, and say "no." Check only the box for 2015 income. Then answer that this was not an "intent to make a profit." Those three answers should classify this as "Other Income", which will appear on Line 21 on Form 1040.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
How do I input Misc Income from a 1099 Misc Income that is not a business or farm income, but a reimbursement as a retiree from my employer?
You are doing nothing wrong. Here is how to report this as "Other Income" on your tax return:
Start in Federal Taxes >> Wages & Income >> 1099-MISC and Other Common Income >> Income From Form 1099-MISC. Click "Start" work through the interview.
After entering the info from the 1099-MISC, continue until you see the question about this being connected to your main job, and say "no." Check only the box for 2015 income. Then answer that this was not an "intent to make a profit." Those three answers should classify this as "Other Income", which will appear on Line 21 on Form 1040.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
How do I input Misc Income from a 1099 Misc Income that is not a business or farm income, but a reimbursement as a retiree from my employer?
I am having difficulty with 1099 misc box 3 entry using TT. Earnings were for 3 day use of my home for movie by production company. TT sent me to Premier and then told me less than 15 days didn't need schedule E. They also kept putting earning intoself employment and added social security and medicare. How do I get it to line 21 for other income and how do I get back to deluxe from premier?
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
How do I input Misc Income from a 1099 Misc Income that is not a business or farm income, but a reimbursement as a retiree from my employer?
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content