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Level 2
posted Jun 6, 2019 10:01:51 AM

Which one to choose on TurboTax screen out of 4 options if you received income but didn't receive any 1099-K or 1099-MISC?

There are some conflicting answers on this subject on TurboTax so wanted to make sure. I am adding a screenshot too to make it clearer. 

All the previous answers are outdated and doesn't tell about the new screen options. Hope someone can clear this out.

If you received income but did not receive any 1099-K or 1099-MISC, which option out of the 4 TurboTax offers should you choose? 

If you go with the second one (Additional Income), it asks "what type of income", should you write down the employer's name there? For example: "Payments form X company"

If not, and if we need to go with 1099-MISC (first option), should we enter the employer EIN, name, etc but then wouldn't it be weird because IRS wouldn't receive any 1099-MISC from the employer? 

A clear answer would help many people here. 

Thanks!

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1 Best answer
Intuit Alumni
Jun 6, 2019 10:01:52 AM

Since you did not receive either a 1099-K or a 1099-MISC, you can enter the income as Additional Income. To do this, please follow these steps:

 

  1. Click on Income and Expenses and then click the Start/Revisit box in the Self-Employment section.
  2. On Your 2019 self-employed work summary screen, click Edit next to your business. 
  3. On the Here's your [business] info screen, click on the box Add income for this work.  
  4. On the next screen, Let's get any additional income, mark the button for Additional income and other income and click the Continue box.  
  5. Enter the type and amount of income on the next screen [Tell us about additional income].  
  6. If you need additional lines, click on Add another row.

 

You are correct that you should write down the employer's name in the description just so you (and the IRS) can identify the source.  

 

 

[Edited | 3/19/2020 |  9:50 am PDT]

3 Replies
Intuit Alumni
Jun 6, 2019 10:01:52 AM

Since you did not receive either a 1099-K or a 1099-MISC, you can enter the income as Additional Income. To do this, please follow these steps:

 

  1. Click on Income and Expenses and then click the Start/Revisit box in the Self-Employment section.
  2. On Your 2019 self-employed work summary screen, click Edit next to your business. 
  3. On the Here's your [business] info screen, click on the box Add income for this work.  
  4. On the next screen, Let's get any additional income, mark the button for Additional income and other income and click the Continue box.  
  5. Enter the type and amount of income on the next screen [Tell us about additional income].  
  6. If you need additional lines, click on Add another row.

 

You are correct that you should write down the employer's name in the description just so you (and the IRS) can identify the source.  

 

 

[Edited | 3/19/2020 |  9:50 am PDT]

Level 2
Jun 6, 2019 10:01:54 AM

This helps a lot. Thank you!

One additional question though: On the screen shot 4 where it asks the details of the income, should we write down (for example) "XYZ Company Payments" and enter income right next to it. Or else it should be "XYZ Company" only.

I mean how the wording should be?

New Member
Jun 6, 2019 10:01:55 AM

This is a personal preference.  Since the category is for payments received I would just put the name of the person/company you received payments from, as you stated "XYZ Company."