Talk of The Villages Florida - View Single Post - Tax Question
Thread: Tax Question
View Single Post
 
Old 03-22-2024, 07:41 AM
retiredguy123 retiredguy123 is online now
Sage
Join Date: Feb 2016
Posts: 17,470
Thanks: 3,060
Thanked 16,638 Times in 6,576 Posts
Default
Quote:
Originally Posted by FredJacobs View Post
1099-MISC can be entered on kine z of Schedule 1. This will carry over to the appropriate line on Form 1040.
Income entered on Line Z of Schedule 1 will be transferred to Line 10 on the Form 1040. But, using the 1099-misc process in TurboTax will result in the income being transferred to Line 8 on Form 1040. So, if you received a 1099-misc, the IRS will most likely be looking for a number on Line 8, and for other information contained on the actual Form 1099-misc. To me, trying to use a TurboTax version that does not allow you to enter the information from the 1099-misc to save a few bucks on software is not a good idea. Spend $40 and use the proper version of TurboTax.