I received a 1099 MISC for doing a research interview where I was paid $627. I have another full time job, and do not consider myself self employed. Do I still need to enter this as if I am self employed and have my own business, or not? If I have to enter it as if I have my own business, what do I fill out for all of the subsequent schedule questions?
No, you are not self-employed. Follow these steps.
Here are the steps to enter your 1099-MISC Box 7 as Other Income:
· Sign into your TurboTax account and click Take me to my return
· In the Search box (upper right of program) search 1099 misc
· Click the "Jump to 1099 misc" link from results
· Enter the amount of your 1099-MISC in Box 7
· In Describe the reason for this 1099-MISC, enter description (Ex. one time research interview)
· On next screen, check None of these apply
· Check No, it didn't involve work like main job
· This will put the amount on your return as Other income
NOTE: If you need additional assistance, please comment and I will assist further.