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New Member
posted Jun 3, 2019 4:41:34 PM

I have a 1099-Misc for MTN interest income...this is NOT business income...how can I enter this without providing business (which there is none) info?

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1 Best answer
Intuit Alumni
Jun 3, 2019 4:41:35 PM

UPDATED FOR TAX YEAR 2019

 

You can enter the 1099-MISC in TurboTax as "Other Common Income," which is reported on line 8 of 1040 Schedule 1 and will not generate Schedule C or SE tax.  Please use the following steps:

  1. Click on Federal > Wages & Income.
  2. Scroll down to the Other Common Income section. 
  3. Click on the Start/Revisit box next Form 1099-MISC. 
  4. On the screen Did you get a 1099-MISC?  click on the Yes button.
  5. On the next screen, Let's get the info from your 1099-MISC, enter the information from the 1099-MISC.

  6. On the following screens, answer the following questions:
    • Did it involve work that's like your main job? No.
    • You got it in 2019
    • No, it didn't involve an intent to earn money
  1. Continue through the rest of the interview screens. The income will appear as Other Income.

[Edited | 4/14/2020 |  12:10pm PDT]

2 Replies
Intuit Alumni
Jun 3, 2019 4:41:35 PM

UPDATED FOR TAX YEAR 2019

 

You can enter the 1099-MISC in TurboTax as "Other Common Income," which is reported on line 8 of 1040 Schedule 1 and will not generate Schedule C or SE tax.  Please use the following steps:

  1. Click on Federal > Wages & Income.
  2. Scroll down to the Other Common Income section. 
  3. Click on the Start/Revisit box next Form 1099-MISC. 
  4. On the screen Did you get a 1099-MISC?  click on the Yes button.
  5. On the next screen, Let's get the info from your 1099-MISC, enter the information from the 1099-MISC.

  6. On the following screens, answer the following questions:
    • Did it involve work that's like your main job? No.
    • You got it in 2019
    • No, it didn't involve an intent to earn money
  1. Continue through the rest of the interview screens. The income will appear as Other Income.

[Edited | 4/14/2020 |  12:10pm PDT]

New Member
Oct 15, 2019 10:41:52 AM

I am trying to enter 1099-MISC that needs to appear as "Other Income" - not Sch C or Sch SE. I followed directions below but was not prompted to answer "Did it involve an intent to earn money?  No.". All the other steps matched but the 1099-MISC is still transferring to Sch C. Thanks!