I got 2 separate 1099-MISC, in 2017, each for $100, from my investment bank for money i was given by this bank as a promotion for me opening two new accounts (and transferring in a certain amount of new money).
Turbo-Tax now categorizes these two 1099-MISC as self-employment income, taxing the amount with social-security tax etc, and even asking me to take self-employment expenses on this money!
Is this the correct way to categorize this money? can I consider this money as some kind of self-employment (e.g. like consulting)?
I was frankly expecting this money to be reported as part of my bank interest payment (and be part of a 1099-INT). Should i may be instead re-categorize manually these two amounts as interest (by deleting the two 1099-MISC and adding manual the amounts in my other bank interest payments)?
please advise. Thx.
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