Input 1099-misc

[JShinstock]

In 2019, my wife got a 1099-misc ($64) for a legal settlement related to work she did back in 2014 (tied to a business she operated back then), and the smart check is asking for business information related to the business that she is no longer operating. We're not filing a Schedule C because the business is not operating.  This is the only income.  How do we report the income without tying it to a business?

[Critter · Accepted solution]

You can report it as other income on Sch 1  line 8. Here's how to enter it in TurboTax.

• Click the Federal Taxes tab ( Personal in the Home & Business version)
• Click Wages & Income. (Personal income in the H & B version)
• On the screen "Your 2019 Income Summary," scroll all the way down to the last section, "Less Common Income."
• Click the Start or Update button for the last topic, "Miscellaneous Income, 1099-A, 1099-C."
• On the next screen, "Let's Work on Any Miscellaneous Income," scroll down and click the Start or Update button for the last topic, "Other reportable income."
• The next screen asks, "Did you receive any other taxable income." Click Yes.
• On the next screen, "Other Taxable Income," enter a description and the amount. Click Continue.
• On the next screen click Done.

The income will be reported on Sch 1 line 8 with the description that you entered.

[JShinstock]

Thank you