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I have misc. income reported on1099-MISC that is related to my pension. However, I am retired and did no work to receive this. TT keeps wanting me to enter this as work. How can I get around that?

 
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Accepted Solutions
AmyC
Employee Tax Expert

I have misc. income reported on1099-MISC that is related to my pension. However, I am retired and did no work to receive this. TT keeps wanting me to enter this as work. How can I get around that?

Since the 1099-MISC is not a business, you have to mark:

  •  no intent to earn money 
  • mark that the income is only for this tax year, 2023 . 

Otherwise the program will think it is recurring income and a business.

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2 Replies
cczerepak
New Member

I have misc. income reported on1099-MISC that is related to my pension. However, I am retired and did no work to receive this. TT keeps wanting me to enter this as work. How can I get around that?

I was in the same boat with a benefit listed on a 1099-MISC form.  I selected "this was a manufacturer's incentive payment."  This did not generate a slew of unrelated questions or forms and included it as income.

 

INTUIT:  TurboTax needs an option for 1099-MISC to include "Benefits provided by current or previous employer. " Selecting Other generates a number of screens totally unrelated as no work was performed.  

AmyC
Employee Tax Expert

I have misc. income reported on1099-MISC that is related to my pension. However, I am retired and did no work to receive this. TT keeps wanting me to enter this as work. How can I get around that?

Since the 1099-MISC is not a business, you have to mark:

  •  no intent to earn money 
  • mark that the income is only for this tax year, 2023 . 

Otherwise the program will think it is recurring income and a business.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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