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