You'll need to sign in or create an account to connect with an expert.
I assume you mean that the bonus is on a 1099-MISC. (There is no plain Form 1099. There are 20 different kinds of 1099 forms. They all have one or more letters after the 1099, such as 1099-G, 1099-INT, 1099-MISC, etc.)
The employer that gave you the 1099-MISC is reporting the bonus incorrectly. All payments from an employer to an employee should be treated as wages and included in the employee's W-2. It doesn't matter whether it's regular pay or a bonus. However, there is a way to report the bonus correctly on your tax return, in spite of your employer's error.
I assume that your employer reported the bonus in box 7 of the Form 1099-MISC, and that you also received a Form W-2 for 2018 from the same employer.
Follow the steps below to enter the 1099-MISC in TurboTax. The bonus will be included in the total wages on Form 1040 line 1. On the dotted line to the left of the amount on line 1 there will be a notation "F8919" and the amount of the bonus. Form 8919 will be included in the return, with reason code H in column (c). Form 8919 will calculate the Social Security and Medicare taxes that your employer should have withheld from the bonus. The total of these taxes will appear on Schedule 4 line 58 and will be included in your total tax liability.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
hmudgett28
New Member
scb2412
New Member
frustrated2020
New Member
a_aguiniga11
New Member
rdtlloyd
New Member