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I have a 1099-misc that is income from my benefits plan. It is not business income. Yet your turbotax insists on dong a schedule C. How do I avoid that?It's not correct.

 
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4 Replies
AnthonyJ
New Member

I have a 1099-misc that is income from my benefits plan. It is not business income. Yet your turbotax insists on dong a schedule C. How do I avoid that?It's not correct.

Which box had the entry on the 1099-Misc?

I have a 1099-misc that is income from my benefits plan. It is not business income. Yet your turbotax insists on dong a schedule C. How do I avoid that?It's not correct.

Can you explain what benefit plan?  Do you know what the circumstances are that they are putting it on a 1099-MISC (benefits usually don't go on a 1099-MISC)?

I have a 1099-misc that is income from my benefits plan. It is not business income. Yet your turbotax insists on dong a schedule C. How do I avoid that?It's not correct.

The entry was in box3. other income. everything else is blank except  for payer, payee,  and id's
AnthonyJ
New Member

I have a 1099-misc that is income from my benefits plan. It is not business income. Yet your turbotax insists on dong a schedule C. How do I avoid that?It's not correct.

Information listed on 1099-MISC Box 3 should be listed as "Other Income" on the Form 1040, page 1, Line 21.  However, 1099-MISC Box 3 is not supported on TurboTax Free Edition.  You would need to upgrade to TurboTax Deluxe in order to properly enter this information.  Once you have upgraded you can follow the steps listed below to assist you in entering this information.

  • Start off by deleting the 1099-MISC you originally entered.  (Go to TOOLS on your navigation bar.  Under "Other helpful links..." click on "Delete a Form".  Then find the 1099-MISC.)
  • Click on "Federal"
  • Click "Wages & Income"
  • Scroll down to and Click on "Miscellaneous Income, 1099-A, 1099-C"
  • Click on "Other reportable Income"
  • Answer Yes to "Did you receive any other taxable income?"
  • Enter the Description of the taxable income
  • Enter the Amount received
  • Click "Continue"
  • Click "Done"

Following these steps should correctly enter this income onto Line 21.

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