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Robinhood 1099 MISC
I received a $205 bonus from Robinhood for depositing some money into my account.
After connecting Robinhood to Turbotax, it automatically read in this 1099 MISC and populated the appropriate boxes with 205.
Then I am asked to describe the reason for this 1099 and I enter "Robinhood bonus". Next it asked me whether this was similar to my main work and I said no. Then it asked me, "“Did the Robinhood bonus involve an intent to earn money?”" What do I say to that?
If I say yes, it goes into the self employment section and this is not self employment!
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February 17, 2025
7:26 PM