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cagpike
New Member

1099-MISC bonus/stipend income

I got a bonus/stipend for being a National Board Certified Teacher from the state of Arkansas. Turbotax is not doing the same thing with it as before. I was advised to enter it into Other Taxable Income but it says specifically not to enter income reported on Form 1099-MISC.
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3 Replies
Hal_Al
Level 15

1099-MISC bonus/stipend income

What box #, on the 1099-misc, is the $ in?
Hal_Al
Level 15

1099-MISC bonus/stipend income

See the answer below
Hal_Al
Level 15

1099-MISC bonus/stipend income

The IRS considers anything in box 7 of 1099-MISC to be self employment income. TurboTax (TT) aggressively steers you in that direction, even when the amount is in box 3.  

The key to getting TT to treat it as other income is to follow these steps:

Enter the 1099-Misc

On the next screen Describe what the payment was for

On the next screen select "none of these apply"

On the next screen select "No it didn't involve work like my main job"

On the next screen select "I got it in 2018" ONLY

On the next screen select No, it didn't involve intent to earn money

TT will put the amount on line 21 of form 1040 (Schedule 1) as other income


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