Solved: How do I report a Company Bonus received on a 1099-MIsc.
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New Member

How do I report a Company Bonus received on a 1099-MIsc.

My employer gave me a bonus and reported on a 1099-Misc and not on my W-2 how do I put this on my tax return

1 Best answer

Accepted Solutions
New Member

How do I report a Company Bonus received on a 1099-MIsc.

BONUS: 1099 Box 7.[Probably should have been box 3]

You received this form instead of Form W-2 because the payer did not consider  this to be reportable as  regular wages [or other reasons] and did not withhold income tax or social security and Medicare tax.

Click the "tools" lower left and  then in the pop up use "  'topic  search"  and type 8919 then click "go"

Report any other taxable income here. This includes wages, bonus pay, severence pay, or benefits from an employer received but not reported on a W-2. Be sure to only include amounts that are not or will not be reported on a W-2  .

Other Wages Received "YES"

Continue to "Any Other Earned Income" "YES"

Follow prompts from that screen.

Report as Wages

This income is taxable and will be reported as wages on your return.

Turbotax will make sure that the appropriate form is included with your completed return.

Follow the prompts and read screens carefully to report this income correctly.

Enter this in the "Any Other Earned Income" section of Turbotax where wage information you enter here will flow to Form 1040, Line 7 and the taxes calculated will flow to Form 1040, Line 57b. DO NOT enter the wage information a second time in the program by entering the actual Form 1099 or a Form W-2 in the Q&A, as this would double the income in the return.

Turbotax will use Form 8919 to figure and report your share of the uncollected social security and Medicare taxes due on your compensation if you were an employee but were treated as an independent contractor by your employer.

When you proceed through Turbotax interview screens with proper selections Turbotax  will generate the necessary forms[Form 8919] and will show as attached on the 1040 wage line.

View solution in original post

5 Replies
New Member

How do I report a Company Bonus received on a 1099-MIsc.

BONUS: 1099 Box 7.[Probably should have been box 3]

You received this form instead of Form W-2 because the payer did not consider  this to be reportable as  regular wages [or other reasons] and did not withhold income tax or social security and Medicare tax.

Click the "tools" lower left and  then in the pop up use "  'topic  search"  and type 8919 then click "go"

Report any other taxable income here. This includes wages, bonus pay, severence pay, or benefits from an employer received but not reported on a W-2. Be sure to only include amounts that are not or will not be reported on a W-2  .

Other Wages Received "YES"

Continue to "Any Other Earned Income" "YES"

Follow prompts from that screen.

Report as Wages

This income is taxable and will be reported as wages on your return.

Turbotax will make sure that the appropriate form is included with your completed return.

Follow the prompts and read screens carefully to report this income correctly.

Enter this in the "Any Other Earned Income" section of Turbotax where wage information you enter here will flow to Form 1040, Line 7 and the taxes calculated will flow to Form 1040, Line 57b. DO NOT enter the wage information a second time in the program by entering the actual Form 1099 or a Form W-2 in the Q&A, as this would double the income in the return.

Turbotax will use Form 8919 to figure and report your share of the uncollected social security and Medicare taxes due on your compensation if you were an employee but were treated as an independent contractor by your employer.

When you proceed through Turbotax interview screens with proper selections Turbotax  will generate the necessary forms[Form 8919] and will show as attached on the 1040 wage line.

View solution in original post

New Member

How do I report a Company Bonus received on a 1099-MIsc.

I have a simular situation but my company reports seperate company names on the w2 and 1099 so how would I do this?
New Member

How do I report a Company Bonus received on a 1099-MIsc.

I have the same situation. My employer paid the bonus using different company from w-2. How to report it?
New Member

How do I report a Company Bonus received on a 1099-MIsc.

Mark S  was very helpful and professional.

He explained our moves clearly.

I am very satisfied

 

Rick [phone number removed]

Returning Member

How do I report a Company Bonus received on a 1099-MIsc.

Hi  - were you able to solve this issue when the employer paid the signing bonus before you were technically and employee using a separate company (not the company that paid you the W-2 income once employed)?

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