Solved

Bonus from previous employer but no 1099 Misc

Forum|Forum|4 years ago
March 30, 2022
1 reply
0 views

My wife used to work at a large national law firm and left 5 years ago. She received a small (under $500) check for a "client origination bonus" this year [I believe a small percent of what that client generated this year], but did not receive a 1099-Misc form. Turbo-Tax wants me to file a SS-8 form. She didn't perform services this year (and hasn't for 5 years). The questions on the SS8 form do not seem to fit this situation, as that form seems to be geared towards determining if someone is an employee and/or employers who are not reporting employees.

Is this correct?

Best answer by DavidD66

Do not file a Form SS8. Payments under $600 do not require a Form 1099, I suggest you report it as "Other Income".

Select "Income & Expenses"
Scroll down to the bottom of the page to "Miscellaneous Income"
Click on Start/Revisit
Scroll down to "Other Reportable Income" and select "Start/Revisit"
Give a brief description and enter the amount

The amount will be reported on line 8 of Schedule 1 (Form 1040).

You could also report is as Self-Employment Income on Schedule C.

Do not file a Form SS8. Payments under $600 do not require a Form 1099, I suggest you report it as "Other Income".

Select "Income & Expenses"
Scroll down to the bottom of the page to "Miscellaneous Income"
Click on Start/Revisit
Scroll down to "Other Reportable Income" and select "Start/Revisit"
Give a brief description and enter the amount

The amount will be reported on line 8 of Schedule 1 (Form 1040).

You could also report is as Self-Employment Income on Schedule C.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

T_MBAuthor

Thank you!