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Can I show 1099 Misc payments from SAG AFTRA that my husband receives as beneficiary of his late father's residuals. My husband does not own a business himself.

 
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3 Replies
Irene2805
Expert Alumni

Can I show 1099 Misc payments from SAG AFTRA that my husband receives as beneficiary of his late father's residuals. My husband does not own a business himself.

Yes - You can report the residuals as Miscellaneous Income, using these steps:

  1. Click on Federal > Wages & Income   
  2. In the Less Common Income section , click on the Start/Update box next to Miscellaneous Income, 1099-A, 1099-C
  3. On the Let's Work on Any Miscellaneous Income screen, click the Start/Update box next to Other reportable income.
  4. On the screen, Any Other Taxable Income? click the Yes box. 
  5.  On the next screen, Other Taxable Income, enter a description and the amount.  Click Continue
  6. The amount entered will appear on line 7 of the 1040.

Can I show 1099 Misc payments from SAG AFTRA that my husband receives as beneficiary of his late father's residuals. My husband does not own a business himself.

Thank you for posting this question, I am hoping Irene2805 replies again!, My husband was an actor and passed away 10/2018. This year, I kept getting errors when all his residual and royalty income was under a business expense, so I moved it following your instructions to less common income. But now I have different errors on the Miscellaneous Income 1099 form: For Royalties I have to pick either Schedule C or E??? Or Residuals in Box 3 I have to pick either C or F???

I so appreciate your help!! Thanks, Connie

KathrynG3
Expert Alumni

Can I show 1099 Misc payments from SAG AFTRA that my husband receives as beneficiary of his late father's residuals. My husband does not own a business himself.

Enter these details from Form 1099-MISC.

From the left menu, select Federal>

Wages & Income>scroll down and click Add more income>

Other common income click Show more>

Form 1099-MISC click Start or Revisit

Be sure to remove the entries from the Less Common Income section

 

These steps will properly capture the income when entered exactly as you received it.

 

Click on this article about Inherited Income Reporting and  How do enter a 1099-MISC for royalty income? for additional references. 

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