- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Just to clarify, where would you like this income to be reported? It sounds like you want this to show up as investment income, not on a Sch C and not as Misc. Other Income. Would you rather this be classified as Investment Income instead?
If that's the case, here's what I would do
Hit the magnifying glass in the right
Type in 1099MISC
then next Box 3-Other Income
then next screen, Describe the reason for this 1099MISC, say investment income
then continue till the screen Did this investment income involve work like your main job
continue, continue till Did this investment income involve an intent to earn money, say no
this income will seamlessly flow to Sch 1, Line 8z which will consequently flow to the 1040 line 8. As long as it's picked up as income and you are taxed on it, it does not matter which particular line it shows up on.
**Mark the post that answers your question by clicking on "Mark as Best Answer"