Solved

Where do I put segal award. I know its on 1099 misc but not self income. The IRS said on line 8h. Where is that?

Forum|Forum|4 years ago
March 20, 2022
2 replies
0 views

This was from doing Americorp a few years ago

TurboTax Deluxe Online

Best answer by ColeenD3

Yes, enter the award as described above. Here is another LINK verifying it, although the way to enter is outdated as the 1040 form has changed.

You can verify the entry by viewing your 1040 afterward.

In order to preview your return, please follow the instructions below:

Open your return.
Click on Tax Tools.
Click on Tools.
Click on View Tax Summary under Other helpful links.
Click on Preview my 1040

LenaH

Once you enter your 1099-MISC, it is important that you answer the questions that follow the entry screen for the 1099-MISC. If answered correctly, you will also be able to have this income flow to Schedule 1, Line 8h, rather than self-employment income.

Please follow the instructions below:

Open or continue your return, if you're not already in it.
Search for 1099-misc and select the Jump-to link.
Enter your 1099-MISC.
Describe the reason for this 1099-MISC.
Answer This was prize winnings on the screen Does one of these uncommon situations apply?
Your 1099-MISC will flow to Schedule 1, Line 8h.

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

C

crr4000Author

Thanks, but it wasn't winnings but it will go on correct line this way? Is there a way to check TT forms while you are doing it to see if it's on the right line?

Thanks again,

Chris

ColeenD3Answer

Yes, enter the award as described above. Here is another LINK verifying it, although the way to enter is outdated as the 1040 form has changed.

You can verify the entry by viewing your 1040 afterward.

In order to preview your return, please follow the instructions below:

Open your return.
Click on Tax Tools.
Click on Tools.
Click on View Tax Summary under Other helpful links.
Click on Preview my 1040

LudwigVan_fan

Line 8h is on Schedule 1 for F1040. Additional Income and Adjustments to Income. That would be for prizes and awards, your "segal" (legal?) award would go there.

In TT, it would be under Personal Income, Common Income, Income from 1099-MISC

**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**