Where should I report Miscellaneous income of $679 from RBC Capital Markets, LLC. Income is from JP MORGAN CHASE & CO ALERAIN MLP INDEX ETN BASED ON WAP LEVEL OF INDEX.

[crown12212]

It was reported in box 3 1099 misc. when I enter that in turbo tax it wants me to report it as a sole proprietorship which it is not.

[KatherineC]

The determination of where the income is reported is based on the answers to the questions after you enter your Form 1099-MISC income. 

• Once you enter the Form 1099-MISC, you will be asked to enter a description of the type of income or the reason you received the form.
• The next screen asks if one of the situations apply to your income.
• Did the income involve work like your main job?  Most likely the answer to that is no.
• How often do/did you receive the income?  Was 2017 the only year you received the money?
  
• And the most crucial question - did the income involve an intent to  "earn" money.  That would be answered No - unless that's part of your job.

If your answers indicate that this was not "earned" income, the income will be reported on Line 21 of your Form 1040.