Hello wmsrd04096
None of the answers to your question are adequate. The only way I know how to report structured investment proceeds from a 1099-MISC is to get out of "Step-by-Step" (as quick as you can - I wasted a LOT of time there) and switch to Forms. Then choose Form 1099-MISC enter the amount you received in Box 3. Do not select any of the "suggested" forms (i.e. Sch. C, Sch. F, or Form 4835), but select "Other Income" from the list that follows (below) the three (dangerous) suggestions. Your 1099-MISC will now show up on Schedule 1, line z, "Other Income" where it is supposed to be.
