Your question is very common - sorry for the confusion. Information from Form 1099-MISC can be entered in 2 different locations, depending on your situation:Self-Employment - when the income relates to your normal job or something you do regularly. This income will end up on a Sch C, subject self-employment tax and expenses can be entered to reduce the taxable amount. Other Common Income - something you did only once - and not related to your normal job and don't plan on doing this type of work in the future. If the second example sounds like you - enter this information in Turbo Tax as follows: Go to Federal Taxes - then click on Wages & Income, next look for the section: Other Common Income, then click on Start to the right of "Form 1099-MISC."I hope this helped you. Thank you for using Turbo Tax.

Question

I received hobby income & have 1099-misc forms. Is the only way to deduct expenses is to enter the total income under Misc Income & not by 1099 individually? Is this ok?

Forum|Forum|7 years ago
June 1, 2019
1 reply
0 views

No text available

TurboTax Deluxe Online

J

JeffG

Employee

Your question is very common - sorry for the confusion.

Information from Form 1099-MISC can be entered in 2 different locations, depending on your situation:

Self-Employment - when the income relates to your normal job or something you do regularly. This income will end up on a Sch C, subject self-employment tax and expenses can be entered to reduce the taxable amount.
Other Common Income - something you did only once - and not related to your normal job and don't plan on doing this type of work in the future.

If the second example sounds like you - enter this information in Turbo Tax as follows: Go to Federal Taxes - then click on Wages & Income, next look for the section: Other Common Income, then click on Start to the right of "Form 1099-MISC."

I hope this helped you. Thank you for using Turbo Tax.