The income should be reported as Other Income and it is not subject to self employment tax. Login to your account. Select Federal from the left menu Go to Wages and Income then Income and Expenses. Scroll down to Less Common Income and click Show more. Choose Miscellaneous Income, 1099-A, 1099-C. Choose Other Reportable Income and say Yes. (Even though the screen says "Do not enter income reported on Form 1099-MISC") The income will show on Schedule 1 line 8 as Other Income.

Question

I received a 1099-MISC from a Research Company for a vaccine study I was enrolled in. How do I handle this income?

Forum|Forum|4 years ago
February 11, 2022
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MayaD

The income should be reported as Other Income and it is not subject to self employment tax.

Login to your account.
Select Federal from the left menu
Go to Wages and Income then Income and Expenses.
Scroll down to Less Common Income and click Show more.
Choose Miscellaneous Income, 1099-A, 1099-C.
Choose Other Reportable Income and say Yes. (Even though the screen says "Do not enter income reported on Form 1099-MISC")