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H
HawgmanPhil
February 17, 2024
Solved

I have misc. income reported on1099-MISC that is related to my pension. However, I am retired and did no work to receive this. TT keeps wanting me to enter this as work. How can I get around that?

  • February 17, 2024
  • 2 replies
  • 0 views
No text available
    Best answer by AmyC

    Since the 1099-MISC is not a business, you have to mark:

    •  no intent to earn money 
    • mark that the income is only for this tax year, 2023 . 

    Otherwise the program will think it is recurring income and a business.

    2 replies

    C
    cczerepak
    February 17, 2024

    I was in the same boat with a benefit listed on a 1099-MISC form.  I selected "this was a manufacturer's incentive payment."  This did not generate a slew of unrelated questions or forms and included it as income.

     

    INTUIT:  TurboTax needs an option for 1099-MISC to include "Benefits provided by current or previous employer. " Selecting Other generates a number of screens totally unrelated as no work was performed.  

    AmyC
    AmyCAnswer
    Employee
    February 18, 2024

    Since the 1099-MISC is not a business, you have to mark:

    •  no intent to earn money 
    • mark that the income is only for this tax year, 2023 . 

    Otherwise the program will think it is recurring income and a business.

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