Form 1099-MISC

This page includes the following information:

- How to add Form 1099-MISC

- Entering a Form 1099-MISC.

- How to include this income to appropriate Schedule or Form 1040, Line 21 as Other Income.

- Troubleshooting Common Errors.

-  System Limitations.

Step 1. Once you have entered your Tax Return, look for Forms In Return on the left and scroll down.

Step 2. Click the "Federal" drop-down selection.

Step 3. Click the "Income" drop-down selection.

Step 4. Within the listed "Income" Forms, scroll down and select "Form 1099-MISC".

Step 5. Select "Add New"

Form 1099-MISC Income will go into the following:

- Schedule C: Non-employee Compensation, Fishing Boat Proceeds, Direct Sales.

- Schedule E: Rents, Royalties. 

- Schedule F: Farming Income, Crop Insurance Proceeds.

- Form 1040, Line 21: Other Income

After entering Form 1099-MISC, you must add  the Schedule C, Schedule E, or Schedule F to your return. 

Form 1040, Line 21 Other Income is selected within the Form 1099-MISC input page.

Select how the system should treat this income:

Do not select any of the options on this page when this Form 1099-MISC income belongs in either Schedule C, E , or F. This income will not be available within these Schedules if any of these have been selected. 

IMPORTANT: 

After you have finished entering the Form 1099-MISC(s), you must add the applicable Schedule to the return.  

Check the box when Real Estate Income belongs in the Schedule C as self-employment income.  

Form 1040 Other Income must be selected for the system to not calculate self employment tax on the income.   

Caution: Form 1099-Misc’s that are entered and are not assigned will be considered as Other Income (Form 1040, line 21) and Subject to Self-Employment Tax