1099-misc what do i do

  • This is a balance from a retirement account.
For 1099-MISC income, you are considered Self-Employed and will put your income and expenses on Schedule C.

Getting to Schedule C in TurboTax –

1. Federal Taxes tab

2. Wages and Income

3. Choose "explore on my own"

4. Business Items

(Or Go to Business (for TT Home and Business)
5. Business Income and Expense

TT will print out a Schedule C for your return. The Schedule C net profit or loss will show on the front page of your 1040.


IRS Schedule C form and Instructions:



  • Is it's for something else, such as jury duty pay, please post back.
Contribute an answer

People come to TurboTax AnswerXchange for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.