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February 8, 2023
Question

System putting keeps 1099-Misc on the wrong schedule

  • February 8, 2023
  • 1 reply
  • 0 views
need to put this income on schedule 1 not schedule C

1 reply

February 8, 2023

To report the 1099-Misc so that self-employment tax is not computed, follow these steps:

 

  • Down the left side of the screen, click on Federal.
  • Down the left side of the screen, click on Wages & Income.
  • At the screen Your tax breaks, scroll down Other Common Income.  Click Show more.
  • Click on Start / Revisit to the right of Form 1099-Misc.
  • Enter the form information, click Continue.
  • At the screen Describe the reason for this 1099-Misc, enter the reason.  Click Continue.
  • At the screen Does one of these uncommon situations apply?, click on None of these apply.
  • At the screen Does the xxx involve work, click on No, it didn’t involve work.
  • At the screen Did the xxx involve an intent to earn money?, click on No, it didn’t.

The income should be reported as Other Income on line 8 Part I of the 1040 Schedule 1 and not be subject to self-employment tax.

 

@clutejw 

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