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February 27, 2021
Question

Where do I report 1099-MISC in the tax form? No clear instruction on this

  • February 27, 2021
  • 1 reply
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Where to put 1099-MISC  figures?

1 reply

MaryM428
February 27, 2021

For 2020, 1099-MISC is issued for these types of income:

  • Royalty income over $10, 
  • Rents.
  • Prizes and awards.
  • Other income payments.
  • Medical and health care payments.
  • Crop insurance proceeds.
  • Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish.
  • Generally, the cash paid from a notional principal contract to an individual, partnership, or estate.
  • Payments to an attorney.
  • Any fishing boat proceeds.

    Enter in TurboTax in Federal, Wages and Income, Other Common Income

It this involves self-employment income, then you can use TurboTax Online Self-Employment or Desktop Home and Business to add your self-employment expenses.