Prior years, Turbo Tax listed this 1099 misc under miscellaneous income which did not require schedue C to be filled out.Why is it showing as business income (self employment) this year?
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No. The income from this 1099-Misc should be listed in Box 3 - Other Income, and should not be reported as business income on your return. If the 1099-Misc you received lists this income in any other box, contact the payer and ask for a corrected form. If not, check to make sure you made your entry for this 1099-Misc in box three and if not, edit your entry.
No. The income from this 1099-Misc should be listed in Box 3 - Other Income, and should not be reported as business income on your return. If the 1099-Misc you received lists this income in any other box, contact the payer and ask for a corrected form. If not, check to make sure you made your entry for this 1099-Misc in box three and if not, edit your entry.
I have run into the same situation and the income is reported in box 3 as other income. The problem is this isn't relating to performing work but the generation of the Schedule C seems to depend on how you classify the income if an uncommon situation applies. I had selected "None of these apply" but also went into the form and tried selecting "Other Income" but until I selected something other than "None of these apply" it treated it as Business income. Maybe if another type of uncommon situation that would handle "Other non-business income" would make it clearer. The net is it doesn't appear to store the specific uncommon situation so I just selected "This was a manufacturer's incentive payment" and this set the box 3 in the form as Other income and removed the creation of the Schedule C
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