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June 5, 2019
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I received a 1099 Misc form with an amount in box 3. This money was used for caring for a student (room, board, transportation). How should I deduct the expenses?

  • June 5, 2019
  • 1 reply
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    Best answer by HelenaC

    After you answer the interview questions related to your IRS Form 1099-MISC and it is determined that it is self-employment incomeTurboTax will set up a business and you will be able to deduct all the expenses related to that income. Please see the screenshot below.

    Please see the information below on how to enter your IRS Form 1099-MISC.

    https://ttlc.intuit.com/replies/4770594

    https://ttlc.intuit.com/replies/4770969

    1 reply

    HelenaCAnswer
    Employee
    June 5, 2019

    After you answer the interview questions related to your IRS Form 1099-MISC and it is determined that it is self-employment incomeTurboTax will set up a business and you will be able to deduct all the expenses related to that income. Please see the screenshot below.

    Please see the information below on how to enter your IRS Form 1099-MISC.

    https://ttlc.intuit.com/replies/4770594

    https://ttlc.intuit.com/replies/4770969