I received a 1099-Misc with Box 3 filled in with a dollar amount. After importing the 1099 forms from the brokerage firm, Turbotax asked me a series of questions and treated the incidental income as self employment and calculated self employment tax liability! Whoa! After contacting Turbotax live help and no solution offered, I requested and viewed a FAQ link on 1099 topic. This contained the info I needed for a work around the tax software's series of questions re: the other income on 1099-Misc, Box 3. The solution was to answer "No" to the software's question as to whether an intent was present to make money in this activity. After answering the question accordingly, the software treated the other income amount NOT as self employment activity. A hearty thank you for this valuable tip! Just eFiled my tax return after spending a sleepless night fretting about this tax issue. Thank you!!!
