In early 2021, I bought the ETN (exchange traded note) SLVO. This ETN pays monthly dividends based on the proceeds from selling covered calls on silver. For the months of January thru September 2022, the dividends paid out were reported as "Other Income" in the 1099-MISC Other Income category on the 1099 Composite.
For the months of October thru December 2022, the income was reported as interest and reported in the 1099-INT section of my 1099-Composite.
I don't understand why the earnings from this ETN were reported in two different categories. I contacted the people at Ameritrade who generated the 1099-Composite and spoke to their tax department. They told me they only reported the information that was provided to them by the ETN sponsor, which is Credit Suisse. I put into a call to Credit Suisse, and have not received a response.
When I put this into Turbotax, it seems Turbotax seems to think this is income from some other type of endeavor and asks a lot of questions that don't really apply to what amounts to either a dividend or interest.
Has anyone ran across this before?
