Here's how to enter a 1099-MISC with income in box 3 in TurboTax so that it is reported as Other income on Form 1040 line 21 with the description "Other Income from box 3 of 1099-Misc."
Which box of the 1099-MISC is the income in?
What did you get the payment for?
Who made the payment to you and issued the 1099-MISC?
I am retired. I receive a benefit from my company for Gym Membership for $250. They report it on a 1090 Misc in Box 3 Other Income. no other boxes are filled in.
Followed the actions suggested. It still creates a business item entry.
Are you sure you deleted any previous entries? The steps I gave you will not replace or remove a previous entry of the same 1099-MISC.
Does the $250 appear on Form 1040 line 21?
Does the $250 appear on Form 1040 line 12? If not, what do you mean by "a business item entry"?
If it appears on both lines 12 and 21, there is a previous entry that you have not deleted.
If it does not appear on line 21, go through the steps again and make sure you answered the questions exactly as I said.
I deleted the old forms instead of changing them this time. I reentered them and it worked. Thanks for your help.
My 1099-MISC amount is in box 7. This not for self employment. I do not have a business. How do I enter so as not to deal with as a business?
@mgiegeltt - Your situation is entirely different from the subject of this question. Please post your own separate question, and explain what you got the payment for. What did you do to earn it?
Do not continue the discussion of your problem in this unrelated thread.
Here's how to enter a 1099-MISC with income in box 3 in TurboTax so that it is reported as Other income on Form 1040 line 21 with the description "Other Income from box 3 of 1099-Misc."
I made a mistake and file the wrong form! I need to file 1099-misc!
When I followed your instructions, The system is still taking me to a self employment form and we are not self employed. how do I bypass this?
If you have income reported in Box 7 of Form 1099-MISC TurboTax will direct you to the self-employment section because for tax purposes, you are self-employed and must pay self-employment taxes on this income.
If you do not have this type of income, please give us a little more information so that we can assist with providing you with better directions.
I am also having this problem.... I earned interest on my Crypto Currency holdings and have Box 3 completed for Other income. WHen filling out the forms, it ends up taking me to self employment targeted questions. All I did was deposit crypto into a lending platform and collected interest on that amount. Why is it pushing me to Self Employed question?
In past most 1099-MISC forms were for some form of self-employment. That clearly does not apply in your case.
Since you have already had error messages related to the way the 1099-MISC was entered, you need to delete what is in there already.
If you are using TurboTax Online:
If you are using the Desktop version (disc or download):
After deleting the forms, run the Federal review or Smart Check to make sure all the error messages are resolved. Once the return is clear of error messages, enter the form like this.
Here is how to enter your 1099-MISC box 3 amount: