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.




Add Form 1099-MISC



  1. Select "Income" from your list to expand your Income Forms.
  2. Click "Add Income Form".
  3. Locate and Select "Form 1099-MISC"




Entering Form 1099-MISC



  • First enter the Payer Federal Identification Number (EIN) of the Form 1099-R.
  • Then select Save and Continue.




Form 1099-MISC Input Page


IMPORTANT: Foreign Payer Address:

If Payer has a Foreign Address, you can not use Form 1099-MISC,

the income from Form 1099-MISC will go directly into the applicable Schedule, or

Additional Income Including Social Security Benefit Page for Form 1040, line 21 "Other Income".




Form 1099-MISC Page:



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