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April 13, 2025
Question

My husband received sales incentive $ on a 1099-MISC from a manufacturer (not his employer). Turbo Tax wants to set him up as self-employed but he is not. Is it prize $

  • April 13, 2025
  • 1 reply
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He sells flooring. The manufacturer issued a 1099-MISC, not his employer. Listing it as prize money fixes the error, but is it? Otherwise, it wants us to list W2 we pay employees and a self-employed EIN.

1 reply

April 13, 2025

To enter income from Form 1099-MISC so that it is reported on Form 1040 Schedule 1 line 8z, use the following steps:

 

  • Go to Income > Other Common Income > Income from Form 1099-MISC and click Start or Update
  • Answer Yes you did receive a 1099-MISC
  • Fill in the details from your 1099-MISC then click Continue
  • Provide a short description for the reason you received the 1099-MISC then click Continue
  • On the next screen titled, “Does one of these uncommon situations apply?” choose the last option, None of these apply (unless one of the choices does apply to you -- then you may not see the remaining questions shown here, but the income will be reported) and then click Continue
  • On the next screen asking if the 1099 involved work like your main job, answer No and click Continue
  • On the next screen, check the box that you received the income in 2024 and then click Continue
  • Finally, choose “No, it didn’t involve an intent to earn money” and click Continue

 

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