Received 1099-MISC from American Express for $300 for the Miles Rewards Program. How do I enter correctly because it keeps on prompting me to enter Principal tax code?

[dinhtat]

TurboTax prompts me to check the form and enter Tax Code which I have no idea.

[AnnetteB · Accepted solution]

Since the income reported on your Form 1099-MISC is not directly for services performed but it is a bonus award, you can use the following steps to report it as other income and not self-employment income.

• On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)

• This opens a box where you can type in “1099-MISC” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)

• The search results will give you an option to “Jump to 1099-MISC"

• Click on the blue “Jump to 1099-MISC” link

• Enter the information from your 1099-MISC, then click Continue

• Enter a description for the income, then click Continue

• Select None of these apply, then click Continue

• Select No, it did not involve work like my main job, then click Continue

• Select I got it in 2018, then click Continue

• Select No, it didn’t involve an intent to earn money, then click Continue

• This will place the income on line 21 of Schedule 1 under Other Income