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So I was nominated by a colleague and won a teaching award. The award was for $5000 and I got a 1099-MISC for it. Does that count as prize winnings?

 
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PatriciaR
New Member

So I was nominated by a colleague and won a teaching award. The award was for $5000 and I got a 1099-MISC for it. Does that count as prize winnings?

Here are the steps to enter your 1099-MISC Box 3:

  • Sign into your account and click "Take me to my return"
  • In the Search box (upper right of program) search 1099 misc
  • Click the "Jump to" link from results
  • You will be in the correct area to enter your 1099-MISC with a Box 3. As you progress through entering the form, you will come to a page asking the purpose of the 1099-MISC and you can choose prize winnings.

NOTE: There are two places in TurboTax to enter 1099-MISC and you want to enter under Other Common Income, not Self-Employment.

Click on screenshot below for more detail


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2 Replies
PatriciaR
New Member

So I was nominated by a colleague and won a teaching award. The award was for $5000 and I got a 1099-MISC for it. Does that count as prize winnings?

What box is the amount shown in on the 1099-MISC?
PatriciaR
New Member

So I was nominated by a colleague and won a teaching award. The award was for $5000 and I got a 1099-MISC for it. Does that count as prize winnings?

Here are the steps to enter your 1099-MISC Box 3:

  • Sign into your account and click "Take me to my return"
  • In the Search box (upper right of program) search 1099 misc
  • Click the "Jump to" link from results
  • You will be in the correct area to enter your 1099-MISC with a Box 3. As you progress through entering the form, you will come to a page asking the purpose of the 1099-MISC and you can choose prize winnings.

NOTE: There are two places in TurboTax to enter 1099-MISC and you want to enter under Other Common Income, not Self-Employment.

Click on screenshot below for more detail


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