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klepatz
New Member

Can you explain what to do with a 1099 Misc for a patronage credit for membership in a telephone cooperative?

 
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Irene2805
Expert Alumni

Can you explain what to do with a 1099 Misc for a patronage credit for membership in a telephone cooperative?

You can enter the 1099-MISC in TurboTax as "Other Common Income," which is reported on line 8 of 1040 Schedule 1 and will not generate Schedule C or SE tax.  Please use the following steps:

  1. Click on Federal > Wages & Income.
  2. Scroll down to the Other Common Income section. 
  3. Click on the Start/Revisit box next Form 1099-MISC. 
  4. On the screen Did you get a 1099-MISC?  click on the Yes button.
  5. On the next screen, Let's get the info from your 1099-MISC, enter the information from the 1099-MISC.
     
  6. On the following screens, answer the following questions:
    • Did it involve work that's like your main job? No.
    • You got it in 2019
    • No, it didn't involve an intent to earn money

 7.  Continue through the rest of the interview screens. The income will appear as Other Income.

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