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Level 2

Question

Schedule C Line 1f

Forum|Forum|4 months ago
March 15, 2026
1 reply
73 views

I have $4.65 of income reported on a 1099-MISC as "Other Income" from an investment. TurboTax automatically checks the box that this was a business operated by the Taxpayer at the top of Schedule C and will not allow me to uncheck it. Further, TurboTax is asking me to submit income from the relevant W2 but a) there isn't a W2, and b) it won't let me change the value.

Level 15

You shouldn't report the "other income" on a Schedule C. You should report the amount on your tax return as "Other Income". To do so in TurboTax Online:

Click on Search and type in "Form 1099-MISC"
Click on "Jump to form 1099-misc"
Answer Yes to "Did you get a 1099-MISC?"
Give a description - For example "Other Investment Income"
Indicate "None of these apply" on the "Do one of these uncommon situations apply?"
Indicate "No, it didn't involve work like [your] main job
Mark "[You] got it in 2025" only
Mark "No, it didn't involve an intent to earn money"

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

4TaxQuestionsAuthor

Level 2

Thank you. That was spot on. I don't know why I didn't think of that to begin with.