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New Member
posted Mar 1, 2021 4:27:17 AM

How do i report 1099-misc income that is not self employment income?

why does t

0 5 516
5 Replies
Expert Alumni
Mar 1, 2021 5:13:19 AM

A non-work (not self-employment) 1099-MISC would be for things like:

  • Prize money
  • Lawsuit settlements
  • Research studies
  • Other

To enter this income so it does not generate Schedule C Profit or Loss from Business, follow these instructions:

  1. Sign in to TurboTax and Continue. Select the Wages & Income tab.
  2. Search for 1099-misc.
  3. Select the Jump to 1099-misc link in the search results.
  4. Select Yes to Did you get a 1099-MISC? If you land on the 1099-MISC Summary screen, edit the 1099-MISC in question.
  5. If you need to enter another 1099-MISC, select Add Another 1099-MISC to enter a new one.
  6. Enter the information from your 1099-MISC.
  7. If your form has an amount in more than one box, you’ll need to enter them as separate 1099-MISC forms. We’ll help you with that.
  8. On the Describe the reason for this 1099-MISC screen, enter a reason then Continue.
  9. On the Does one of these uncommon situations apply? screen, select None of these apply then Continue.
  10. On the Did the XXX involve work that’s like your main job? screen, select No, it didn’t involve work like my main job then Continue.
  11. On the How often did you get income from XXX? screen, select I got it in 2020 then Continue.
  12. On the Did the XXX involve an intent to earn money? screen, select No, it didn’t involve an intent to earn money then Continue with the onscreen interview until complete.

Level 1
Mar 1, 2021 9:43:53 AM

What are the next steps? We did this and it is still putting the money to a Schedule C.

 

Employee Tax Expert
Mar 1, 2021 9:54:54 AM

What is the 1099-MISC for ?

 

@gpaulltax

Level 1
Mar 1, 2021 9:56:13 AM

UAW Legal Service Plan Trust

Level 1
Mar 1, 2021 10:17:39 AM

We got it resolved. It was unrelated. It had prior schedule C entries still in there and we had to delete them out. The steps described here work and assign the Misc income to Schedule 1, Line 8!