When posting the 1099-MISC it may or may not be subject to self-employment tax. As you post the information in the interview, there are three main questions that determine: How closely the income matches your job. How often you do these types of things, and Did you have an intent to earn money?Under Federal Select Wages & Income Scroll to Other Common Income Select From 1099-MISC Post your information and continue through the interview. There are three key questions that will determine if this is self employment income. Did the 1099-MISC involve work that's like Michael's main job? You can tell by looking at the basic skills involved in both the work you did to get this 1099-MISC or 1099-NEC and the work you do at your main job. If these skills are similar, then this 1099-MISC work was like your main job. How often did Michael get income for 1099-MISC? This is to determine how regularly you do these types of things. Did the 1099-MISC involve an intent to earn money? Usually, hobbies or interests do not involve an intent to earn money or make a profit. Having a profit motive means that you intend to earn more in revenue from the activity than you incur in expenses. It doesn't mean you'll necessarily earn a profit. It just means that that's your intent.

Question

My 1099-MISC is not from self-employment, yet TurboTax will only let me claim self-employed. How do I change this?

Forum|Forum|3 years ago
March 19, 2023
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TurboTax Deluxe Online

JohnB5677

When posting the 1099-MISC it may or may not be subject to self-employment tax. As you post the information in the interview, there are three main questions that determine:

How closely the income matches your job.
How often you do these types of things, and
Did you have an intent to earn money?

Under Federal

Select Wages & Income
Scroll to Other Common Income
Select From 1099-MISC
Post your information and continue through the interview.
There are three key questions that will determine if this is self employment income.
1. Did the 1099-MISC involve work that's like Michael's main job?
  1. You can tell by looking at the basic skills involved in both the work you did to get this 1099-MISC or 1099-NEC and the work you do at your main job. If these skills are similar, then this 1099-MISC work was like your main job.
2. How often did Michael get income for 1099-MISC?
  1. This is to determine how regularly you do these types of things.
3. Did the 1099-MISC involve an intent to earn money?
  1. Usually, hobbies or interests do not involve an intent to earn money or make a profit.
  2. Having a profit motive means that you intend to earn more in revenue from the activity than you incur in expenses. It doesn't mean you'll necessarily earn a profit. It just means that that's your intent.