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murfbomb
New Member

I received a 1099 Misc form and it is from a single book sale. Do I need to report it since the amount is only $28?

 
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4 Replies
bconforto
New Member

I received a 1099 Misc form and it is from a single book sale. Do I need to report it since the amount is only $28?

You should be able to record it as 'Other Income'.  This will allow you to avoid the schedule C. 

ColeenD3
Expert Alumni

I received a 1099 Misc form and it is from a single book sale. Do I need to report it since the amount is only $28?

Yes. You need to report all your income subject to tax, no matter the amount. 

murfbomb
New Member

I received a 1099 Misc form and it is from a single book sale. Do I need to report it since the amount is only $28?

I got an earlier reply about posting my 1099 Misc under other income. Then I can avoid the schedule c. Even though I only got $28 I still need to report it? I don't even know where other income is. I saw other common income but not just other income. 

ColeenD3
Expert Alumni

I received a 1099 Misc form and it is from a single book sale. Do I need to report it since the amount is only $28?

Yes, you have to report it.

 

  1. Sign in to TurboTax Online, click Continue your return, then pick up where I left off (if you are using TurboTax CD/ Download, then just open your return on your computer).
  1. Click on Federal Taxes at the top of the screen.
  2. At the bottom of Your Income box pick the option in blue to help me add other income, then jump to full list;
  3. Scroll down the page to the last section titled: Less common Income and click show more;
  4. Select start or update next to the last topic titled Miscellaneous Income, 1099-A, 1099-C;
  5. Scroll down to the last option titled Other reportable income and select start or edit;
  6. When it asks, "Any other reportable income?" say yes then type in a description and the amount to report it on your tax return.

This will place it on "Other Income" line of your Form 1040.

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