I received a 1099-MISC for a refund of capital credits $681. When I talked to my coop about why I received it their response was that their tax advisor/attorney told them they must send 1099-MISC to any customers who were sent capital credit checks over $600 because that because they have no way of knowing which accounts are for at home business (ex: farms) versus which accounts are for personal/residential. Further, the coop told me that I should just specify via box 3 on your return that this was a 'non-taxable return of personal expenses'.
I do not find any such question or option in TurboTax to be able to specify "non-taxable return of personal expenses" when I entered the 1099-MISC. Further, TurboTax is asking me several questions around where I worked to earn the $681 and others which have no applicability to this and it appears that TurboTax is using my 1099-MISC to trigger "Profit and Loss from a Business" tax forms to be included.
How do I properly enter this 1099-MISC in TurboTax so that it is non-taxable?
