Form 1099-MISC - Entering in Program

If you had not yet completed Schedule C (Form 1040) Profit or Loss From Business or Schedule E (Form 1040) Supplemental Income and Loss, you will need to do so before you can assign the applicable Form 1099-MISC Miscellaneous Information.

To enter or review the information from Form 1099-MISC:

  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click in the upper left-hand corner, then click Federal.
  2. Click Form 1099-MISC in the Federal Quick Q&A Topics menu, click + Add Form 1099-MISC to create a new copy of the form, enter the Payer's TIN, then continue until you reach the screen titled 1099-MISC: Enter information on form.
  3. Click the Switch to Form Entry (optional) link near the top to open the Quick Entry window, enter all of the applicable information from your Form 1099-MISC , then click Save & Close.
  4. Select the appropriate "Schedule C" or "Schedule E" option to assign the Form 1099-MISC you are currently completing from the Assigned schedule or form drop-down, then click Continue.

Note. If you had selected an "Other Income" option, then on the screen titled What type of income was reported on this Form 1099-MISC?, click the appropriate button. If you click Other non-business income on the previous screen, then check I confirm that the income reported on this Form 1099-MISC is non-business income and is not subject to self-employment taxes to confirm.

See the following links for related Form 1099-MISC FAQs:

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.