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schu127
New Member

How do I enter other income from a brokerage statement listed under miscellaneous information. TurboTax is forcing it to a schedule C which it should not be.

 
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2 Replies

How do I enter other income from a brokerage statement listed under miscellaneous information. TurboTax is forcing it to a schedule C which it should not be.

What type of other income? Depending on the type, the form to report it on may vary. 

DawnC
Employee Tax Expert

How do I enter other income from a brokerage statement listed under miscellaneous information. TurboTax is forcing it to a schedule C which it should not be.

Do you have a 1099-MISC for miscellaneous income?   To report miscellaneous income without generating a schedule C, take the steps below.  

 

Delete that 1099-Misc and the Schedule C that was started, instructions are below.  Then re-enter it, making sure to answer the follow-up questions as follows:

 

  1. After you enter the reason for the 1099-Misc, mark None of the above on the next screen (uncommon situations).
  2. Answer Did the refund involve work that's like your main job?  NO
  3. Answer How often did you get this income?  You got it in 2025 only
  4. Answer Did the refund involve an intent to earn money?  NO

 

The income will be reported as Other Income on Line 8 of Form 1040 without generating a schedule C.   

 

How to delete forms in TurboTax Online
 

How to delete forms in TurboTax Desktop

 

If you still are having issues or have a different form, let us know what form and what box is causing the issue.   Be sure to delete the erroneous forms that were already started to fully remove any errors.   

 

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