Question

Turbo tax deluxe and schedule 1 form 1040

Forum|Forum|6 years ago
March 24, 2020
1 reply
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I forgot to add the amount of money (less than $1500) my wife made from her hobby as watercolorist. I need to do that on schedule 1 form 1040, but when I click on forms "schedule 1" I am unable to add anything

LeonardS

To report your wife's hobby income in TurboTax follow these steps.

With TurboTax open select Wages & Income
Scroll down to Less Common Income and select Miscellaneous Income, 1099-A, 1099-C
On the next page, select Other reportable income
On the page, Other Taxable Income enter Hobby Income in the description.

This will put the income on Schedule 1 Line 8 of your Form 1040, as required by the IRS. You will pay state and federal income tax on the amount, but it will not be subject to self-employment tax.

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