- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 9, 2025
7:03 PM