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Employee
February 17, 2020
Question

1099-MISC Box 6 - Amount is a GRANT

  • February 17, 2020
  • 1 reply
  • 0 views

Hi


I received some money as a grant/reimbursement to cover the costs of my father's respite care.  The institution issued 1099-MISC Box 6.  TurboTax is stating that I need schedule C for Self-Employed business.  The issuer says I can deduct the related expenses but where do I do that?

1 reply

ColeenD3
February 17, 2020

Yes, that is correct.

 

Box 6: Medical and Health Care Payments (Money you received to pay for health care.)

 

Entering this amount in Box 6 will bring you to Schedule C where you can deduct your expenses.

jdegeorgeAuthor
Employee
February 17, 2020

Hi Colleen


Thanks for the quick response.  Schedule C is looking for business name, type code, etc.  I'm not any of that.  The closest business code was 623000 Nursing and Residential Care Facilities, but again, I'm the caregiver at home and not a business.

 

This is frustrating.  😉

February 17, 2020

This TurboTax Help confirms that self-employment is how it is reported.

 

Do you have expenses to offset against this income?  That would be the advantage of reporting self-employment income.

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