1099-MISC, Miscellaneous Income

This reports miscellaneous income. Examples of when you'll receive a 1099-MISC are if you've received at least $600 in rent, prizes, or awards. You can enter this form under the "Freelance income" section in the filing flow. 

  • Box 1: Rents — Where income from rental properties is reported.
  • Box 2: Royalties — Earned royalties go here.
  • Box 3: Other income — Prizes, awards, or other types of income.
  • Box 4: Federal income tax withheld — Federal taxes were already taken out are listed here.
  • Box 5: Fishing boat proceeds — Income from fishing activities are reported here.
  • Box 6: Medical and health care payments — Payments made to you for providing health care or medical services go here.
  • Box 7: Payer made direct sales of $5,000 or more — For companies reporting sales of consumer products to a buyer for resale anywhere other than a permanent retail establishment.
  • Box 8: Substitute payments in lieu of dividends or interest — Typically for brokerage firms who pay their clients in lieu of dividends or tax-exempt interest.
  • Box 9: Crop insurance proceeds — Income received from crop insurance go here.
  • Box 10: Gross proceeds paid to an attorney — Relates to legal settlements.
  • Box 11: Fish purchased for resale.
  • Box 12: Section 409A deferrals.
  • Box 13: Excess golden parachute payments.
  • Box 14: Nonqualified deferred compensation.
  • Box 15: State tax withheld.
  • Box 16-18: These boxes will show state tax-specific information.