Your Minnesota Tax Rebate should be reported as "Other Income" on your federal 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.The rebate is not taxable on your Minnesota return, so be sure to subtract the amount on line 33. TurboTax will ask you about income adjustments during the state interview.

Question

I have a 1099-misc from the State of Minnesota for a tax rebate. Which type of 1099 does that fall under, given the four options?

Forum|Forum|2 years ago
February 11, 2024
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PatriciaV

Your Minnesota Tax Rebate should be reported as "Other Income" on your federal 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.

The rebate is not taxable on your Minnesota return, so be sure to subtract the amount on line 33. TurboTax will ask you about income adjustments during the state interview.

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