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1099-Misc

Forum|Forum|4 years ago
March 19, 2022
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I have a #13.81 1099-Misc form. I consider this personal income. I do not have a business. How can I bypass a business setup?

Best answer by Hal_Al

Enter the 1099-Misc

On the next screen Describe what the payment was for

On the next screen select "none of these apply"

On the next screen select "No it didn't involve work like my main job"

On the next screen select "I got it in 2021" ONLY (even if you get/got it in other years, this is a necessary workaround for the no intent to earn money situation)

On the next screen select No, it didn't involve intent to earn money

TT will put the amount on line 8z of Schedule 1 as other income

ColeenD3

To enter a 1099-MISC for miscellaneous income in TurboTax:

Open or continue your return
Search for 1099-misc and select the Jump-to link
Answer Yes to Did you get a 1099-MISC?
- If you already entered a 1099-MISC, you'll be on the 1099-MISC Summary screen, in which case you'll select Add Another 1099-MISC
- If you need to edit or delete a previously entered 1099-MISC, select the appropriate button

To exclude it as business income, say NO to the questions regarding the intent to earn money and that it involved work like your main job.

Hal_AlAnswer