SPIFF

Forum|Forum|5 years ago
May 15, 2021
1 reply
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I need to report SPIFF payments to my spouse from two different companies, neither of which are her employer and neither of which issued a 1099 (both payments well below the $600 limit). I cannot find any place to enter that information using the downloaded TT software.

If I report it in "Miscellaneous income, other income not already reported on a W2 or 1099," it gives me an error on Form 8919-S, "C - reason code" and none of the reason codes are applicable (and from what I can determine, SPIFF payments aren't subject to SS/MC withholding).

Should it be reported as self-employment income? If not, where do I report it?

TurboTax Home & Biz Windows

ColeenD3

Level 15

To enter a SPIFF with a 1099-MISC:

While in your return, type “1099-misc” in the Search box and then select the “Jump to” link. This will take you directly to the section where you can enter your 1099-MISC.

On the follow-up screen, enter SPIFF in the blank box, then on the next screen, on the drop down list, check “This was a Manufacturer's incentive payment”

To enter a SPIFF without a 1099-MISC:

· Click the Federal Taxes tab ( Personal in the Home & Business version)

· Click Wages & Income. (Personal income in the H & B version)

· Click "I'll choose what I work on."

· On the screen "Your 2018 Income Summary," scroll all the way down to the last section, "Less Common Income."

· Click the Start or Update button for the last topic, "Miscellaneous Income, 1099-A, 1099-C."

· On the next screen, "Let's Work on Any Miscellaneous Income," scroll down and click the Start or Update button for the last topic, "Other reportable income."

· The next screen asks, "Did you receive any other taxable income." Click Yes.

· On the next screen, "Other Taxable Income," enter a description and the amount. Click Continue.

· On the next screen click Done.