22630
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Reporting Stock Photo Royalties of 1099 MISC, as a hobby income and not business income

How do I report the $22 royalties earned from Stock photos sales for which I have received 1099 MISC (amount filled in box 2), as a non-business income, in TT 2018 Premier.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Reporting Stock Photo Royalties of 1099 MISC, as a hobby income and not business income

10 Replies

Reporting Stock Photo Royalties of 1099 MISC, as a hobby income and not business income

 

Reporting Stock Photo Royalties of 1099 MISC, as a hobby income and not business income

How will that help? TT is tagging this royalty as business income, however it is just a hobby income with no intent of profit. Just $22 bucks in 2018

Reporting Stock Photo Royalties of 1099 MISC, as a hobby income and not business income

 

Reporting Stock Photo Royalties of 1099 MISC, as a hobby income and not business income

If I show it as property income, it asks for property address and then it might ask for property tax etc. 

 

Is there no other section where I can just report it as hobby income. Does everything have to be either salary income or business income? There are no other categories for so many things people do online these days!!

Reporting Stock Photo Royalties of 1099 MISC, as a hobby income and not business income

 

Reporting Stock Photo Royalties of 1099 MISC, as a hobby income and not business income

I am filing my tax via TT 2018 Premier, how do I access that line#21? TT is walking me through various sections of income and deductions by asking questions. How do I see schedule 1?

Reporting Stock Photo Royalties of 1099 MISC, as a hobby income and not business income

 

Reporting Stock Photo Royalties of 1099 MISC, as a hobby income and not business income

 

Reporting Stock Photo Royalties of 1099 MISC, as a hobby income and not business income

Thank you so much for the detailed response. 

Reporting Stock Photo Royalties of 1099 MISC, as a hobby income and not business income

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question