If you received a Form 1099-MISC Miscellaneous Income instead of a Form W-2 Wage and Tax Statement, the income you received is considered nonemployee compensation or self-employment income. You need to complete Schedule C Profit or Loss From Business (or Schedule F Profit or Loss From Farming) in the TaxAct program, and then enter your Form 1099-MISC information. You will also need to complete Schedule SE Self-Employment Tax in the TaxAct program.

If you need help completing the form or schedules:

• Schedule C Profit or Loss From Business: Schedule C - Self Employed
• Schedule F Profit or Loss From Farming:
  1. From within your TaxAct return (Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal).
  2. Click the Business Income dropdown, then click Farming income or loss.
  3. Click + Add Federal Schedule F to create a new copy of the form or click Edit to edit a form already created (desktop program: click Review instead of Edit).
  4. Continue with the interview process to enter your information.
• Form 1099-MISC Miscellaneous Income: Form 1099-MISC - Entering in Program
• Schedule SE Self-Employment Tax:
  1. From within your TaxAct return (Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal).
  2. Click the Business Income dropdown, then click [Yourself or Your name] self-employment tax.
  3. Click Continue or Optional Method, depending on which one applies to you.
  4. Continue with the interview process to enter your information.

Determining self-employed status:

You don’t have to be a business owner to be treated as a self-employed worker. Self-employed status means that the company or individual you worked for didn’t withhold income tax or Social Security and Medicare tax. Go to our Employee or Independent Contractor FAQ for more information.

Related Links

• 1099-MISC, Independent Contractors and Self-Employed

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.