I have 1099-MISC income for sidework & don't own a business. TurboTax is entering it as business income (line 12), but it shouldn't it be other income (ln 21) on Sched 1?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

I have 1099-MISC income for sidework & don't own a business. TurboTax is entering it as business income (line 12), but it shouldn't it be other income (ln 21) on Sched 1?

 
1 Reply
New Member

I have 1099-MISC income for sidework & don't own a business. TurboTax is entering it as business income (line 12), but it shouldn't it be other income (ln 21) on Sched 1?

No. If your labor produced the income, it is self-employment income and belongs on Schedule C.

From 1099-Misc.

Box 7. Shows nonemployee compensation. If you are in the trade or business of catching fish, box 7 may show cash you received for the sale of fish. If the amount in this box is SE income, report it on Schedule C or F (Form 1040), and complete Schedule SE (Form 1040). You received this form instead of Form W-2 because the payer did not consider you an employee and did not withhold income tax or social security and Medicare tax. If you believe you are an employee and cannot get the payer to correct this form, report this amount on the line for “Wages, salaries, tips, etc.” of Form 1040 (or Form 1040NR). You also must complete Form 8919 and attach it to your return. 

Dynamic Ads
v
Privacy Settings