Question

1099 misc

Forum|Forum|5 years ago
February 23, 2021
1 reply
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I have a 1099 misc. from my former employer for insurance subsidy. It asking to check the box on schedule C. There is no box on the schedule c.

M

MinhT1

If you receive a form 1099-MISC for an insurance subsidy, then you are not considered as self-employed and do not need to file a Schedule C.

In TurboTax, enter your form 1099-MISC and follow the interview until you arrive at the page titled Did this involve an intent to earn money?. Answer that this did not involve an intent to earn money. The amount will be reported as Miscellaneous income and will not be subject to Self-employment tax.

In TurboTax, there is a work-around. Although you may receive this income every year, say that you only receive the 1099-MISC only in 2020, not in previous years and not in 2021, you will then have the screen where you can say that it did not involve an intent to earn money.

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