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June 6, 2019
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1099misc box 7 other income not a business don't believe i need schedule c

  • June 6, 2019
  • 1 reply
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How do I reort this income as ithr incime not related to self employment or a business?

Best answer by Irene2805

UPDATED FOR TAX YEAR 2019

 

You can enter the 1099-MISC in TurboTax as "Other Common Income," which is reported on line 8 of 1040 Schedule 1 and will not generate Schedule C or SE tax.  Please use the following steps:

 

  1. Click on Federal > Wages & Income.
  2. Scroll down to the Other Common Income section. 
  3. Click on the Start/Revisit box next Form 1099-MISC.   
  4. On the screen Did you get a 1099-MISC?  click on the Yes button.
  5. On the next screen, Let's get the info from your 1099-MISC, enter the information from the 1099-MISC.
  6. On the following screens, answer the following questions:
    • Did it involve work that's like your main job? No.
    • You got it in 2019
    • No, it didn't involve an intent to earn money

      7.  Continue through the rest of the interview screens. The income will appear on line 8 of 1040 Schedule 1.

 

[Edited | 4/3/2020 |  12:38pm PDT]

 

 

1 reply

Irene2805Answer
June 6, 2019

UPDATED FOR TAX YEAR 2019

 

You can enter the 1099-MISC in TurboTax as "Other Common Income," which is reported on line 8 of 1040 Schedule 1 and will not generate Schedule C or SE tax.  Please use the following steps:

 

  1. Click on Federal > Wages & Income.
  2. Scroll down to the Other Common Income section. 
  3. Click on the Start/Revisit box next Form 1099-MISC.   
  4. On the screen Did you get a 1099-MISC?  click on the Yes button.
  5. On the next screen, Let's get the info from your 1099-MISC, enter the information from the 1099-MISC.
  6. On the following screens, answer the following questions:
    • Did it involve work that's like your main job? No.
    • You got it in 2019
    • No, it didn't involve an intent to earn money

      7.  Continue through the rest of the interview screens. The income will appear on line 8 of 1040 Schedule 1.

 

[Edited | 4/3/2020 |  12:38pm PDT]

 

 

April 13, 2021

The 2020 version doesn’t ask the last question—

  • No, it didn't involve an intent to earn money

It takes me straight to itemizing expenses. Any suggestions?