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New Member
posted Jan 29, 2022 5:13:43 PM

My wife was given a bonus of 45000. she was given a 1099-Misc for this. when I enter in turbo tax it looks like she has a company. how should I enter this bonus?

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1 Best answer
Level 15
Jan 29, 2022 5:35:47 PM

The bonus should have been included in her W-2.  She should contact her employer and request a corrected W-2.

 

If the employer does not correct the W-2 then use this procedure -

 

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Less Common Income
On Miscellaneous Income, 1099-A, 1099-C, click the start or update button

 

On the following screen - On Other income not already reported on a Form W-2 or Form 1099 click the start or update button

On Other Wages Received click on Yes

Continue and on the screen Any Other Earned Income click on Yes

On the screen Enter Source of Other Earned Income select Employee compensation not reported on a W-2 and continue

Continue through the screens and on the screen Report Your Wage Income enter the information requested and for the Reason Code select Code H and continue.

2 Replies
Level 15
Jan 29, 2022 5:35:47 PM

The bonus should have been included in her W-2.  She should contact her employer and request a corrected W-2.

 

If the employer does not correct the W-2 then use this procedure -

 

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Less Common Income
On Miscellaneous Income, 1099-A, 1099-C, click the start or update button

 

On the following screen - On Other income not already reported on a Form W-2 or Form 1099 click the start or update button

On Other Wages Received click on Yes

Continue and on the screen Any Other Earned Income click on Yes

On the screen Enter Source of Other Earned Income select Employee compensation not reported on a W-2 and continue

Continue through the screens and on the screen Report Your Wage Income enter the information requested and for the Reason Code select Code H and continue.

New Member
Jan 31, 2022 10:14:07 AM

Thank You,

this worked perfectly.

Ron