You can enter your Form 1099-Misc as follows:
- Click on "Search" at the top right of your TurboTax screen.
- Type "Form 1099-MISC" in the search box.
- Click on the link "Jump to Form 1099-MISC"
- Your screen will say, "Did you get a 1099-MISC?" Click on Yes
- Your screen will say, "Let's enter the income from your 1099-MISC"
- Enter your details as shown on your form. Enter it under Other Income as it is not Rents or Royalties and Continue
- Your screen will say "Describe the reason for this 1099-MISC" enter a brief description such as Transfer Balance Bonus and Continue
- Your screen will say," Do one of these uncommon situations apply?" Review this list and if none apply, check None of these apply. And Continue
- Your screen will say, "Did the XXX involve work that's like YOUR NAME main job?" Answer No if this was a one-time referral bonus and not related to your main job.
- Your screen will say, "How often did YOUR NAME get income for XXXXX? Answer and Continue
- Your next screen will say, "Did the RXXX involve an intent to make money?" Answer No. It is likely your referral bonus will fall into this category. If Yes, your income will be entered on Form Schedule C as Self-Employed Income.
- Continue through your TurboTax screens and answer all follow-up questions regarding your income.
Click here for information on Form 1099-MISC.
Click here for "Where Do I Enter Form 1099-MISC?"
Please feel free to come back to TurboTax Community with additional information or questions.
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