COVID-19 Heroes Fund payment on 1099-MISC

Forum|Forum|2 years ago
February 12, 2024
2 replies
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Our daughter received a 1099-MISC form with $3000 in Box 3. She teaches at a day care center, and the money is from the COVID-19 Heroes Fund. When I enter it in 2023 TT Deluxe, it creates a Schedule C as if she has her own business. Is this correct? Is there another way to enter this 1099-MISC income?

Best answer by PatriciaV

You have the option to report this as "Other Income" on your tax return.

Start in Federal Taxes >> Wages & Income >> Other Common Income >> Income From Form 1099-MISC. Click "Start" and work through the interview.
After entering the info from the 1099-MISC, continue until you see the question about this being connected to your main job, and say "no."
Check only the box for 2023 income.
Then answer that this was not an "intent to make a profit."

Those three answers should classify this as "Other Income", which will appear on Line 8 on Form 1040.

PatriciaVAnswer

Employee

You have the option to report this as "Other Income" on your tax return.

Start in Federal Taxes >> Wages & Income >> Other Common Income >> Income From Form 1099-MISC. Click "Start" and work through the interview.
After entering the info from the 1099-MISC, continue until you see the question about this being connected to your main job, and say "no."
Check only the box for 2023 income.
Then answer that this was not an "intent to make a profit."

Those three answers should classify this as "Other Income", which will appear on Line 8 on Form 1040.

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Adamsun1

When I start the 1099-misc box 1 says rents and my box one on the w2 or the 1099 i received says non-employee compensation and the amount $800. Do I put that amount in Rents box 1?? Doesnt seem right.

DawnC

Employee

Please clarify, what kind of form do you have (1099-misc or 1099-nec), what box number is the amount in? And what was the money for? @Adamsun1

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Adamsun1

I apologize. I thought it wouldve been clear on which form because its part of the thread here. So i received a 1099-NEC which is CT heros pay. I heard we need to file that as 1099-Misc. When I attempted that. Turbotax asks me to fill out the boxes mirroring the tax form. On the website box 1 on 1099 misc says rents. On the 1099-nec box 1 says nonemployee contribution $800. So to sum it up how do I enter this 1099-Nec from Public Partnerships for my CT Hero Pay onto my turbotax?