Yes, that is right. You can use the steps below to enter your income so that it will appear on line 21, Form 1040.
In
TurboTax follow these steps to reach this result.
- Federal Taxes (Personal Income in TurboTax Self Employed or Home & Biz) > Wages &
Income > Other Common Income > Income from Form1099-MISC > Update
- Edit > Continue (if
all your information is there and the income is in box 3)
- Type Description, if necessary
-
Continue > Check None
apply
- No it did not involve work
- Select got it in 2016
- No it didn't involve an intent to earn money
- Finish
This will place the amount on
line 21 as it should. You can review your return by using the steps here.
To use this tool while you are signed into your TurboTax account (online) follow the steps here.
- Select My Account in the upper right
- Then select Tools
- Choose View Tax Summary
- Select Preview My 1040 above
- Scroll to line 63 to check that the total tax
- Click the image attached to enlarge and view for assistance.
To use this tool while you are signed into your TurboTax account (desktop).
- Select Forms in the upper right
- Then select 1040, in the forms tree on the left
- Scroll to line 63 to check that the total tax
- Select Step-by-Step to return to the interview
- Click the image attached to enlarge and view for assistance.
