DavidD66
Expert Alumni

Get your taxes done using TurboTax

If it's from a private credit fund investment it sounds like it is interest income.  If that is the case, you should report it as interest income even though you didn't receive a Form 1099-INT.  If you want to report it as "other income":

 

  • Type "Form 1099 Misc" in the search window and hit enter
  • Click on "Jump to Form 1099 Misc" 
  • Answer "Yes" to Did you get a 1099-MISC?
  • Enter the information from your 1099-MISC
  • Enter a description such as "Private Credit Investment Return"
  • Mark choice "none of these apply" for  "Does one of these uncommon situations apply?"
  • Indicate "No, it didn't involve work like [your] main job.
  • Indicate that you received in 2024
  • For the question "Did the Investment involve an intent to earn money?"  Indicate "No".  Your intent was to make, not "earn" money.
  •  

The amount will be reported as Other Income on Schedule 1, Line 8z. 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"