Skip to main content
February 7, 2023
Solved

Reporting 1099-MISC income that is not self-employment or any employment and is not subject to self-employment taxes

  • February 7, 2023
  • 1 reply
  • 0 views
No text available
Best answer by DavidD66

This should be reported as "Other Income".  to enter in TurboTax, while in your return:

 

  • Click on Search and Type "Other Income" in the search window, and hit "Enter"
  • Click on "Jump to Other Income"
  • Enter the information from your Form 1099-MISC, and click on Continue 
  • Enter a description such as "Prize Winnings" and click on Continue
  • On the screen with "Does one of these uncommon situations apply?", indicate "None of these apply"
  • Answer "No..." to "Did the 'Other Income' involve work that's like your main job?"
  • Answer "I got it in 2022" when asked "How often did you get income for 'Other Income'?"
  • Answer "No, it didn't involve an intent to earn money."

The amount will be reported on line 8 of Schedule 1 (Form 1040).

 

1 reply

DavidD66Answer
February 7, 2023

This should be reported as "Other Income".  to enter in TurboTax, while in your return:

 

  • Click on Search and Type "Other Income" in the search window, and hit "Enter"
  • Click on "Jump to Other Income"
  • Enter the information from your Form 1099-MISC, and click on Continue 
  • Enter a description such as "Prize Winnings" and click on Continue
  • On the screen with "Does one of these uncommon situations apply?", indicate "None of these apply"
  • Answer "No..." to "Did the 'Other Income' involve work that's like your main job?"
  • Answer "I got it in 2022" when asked "How often did you get income for 'Other Income'?"
  • Answer "No, it didn't involve an intent to earn money."

The amount will be reported on line 8 of Schedule 1 (Form 1040).

 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
diffeyjwAuthor
February 7, 2023

Thanks that did it!