DavidD66
Expert Alumni

Get your taxes done using TurboTax

Form 1099-NEC box 3 is currently not used.  It is, according the instructions for Form 1099-NEC "reserved for future use".  Perhaps you are in the 1099-MISC entry screen.  Box 3 of 1099-MISC is for "other income".  

 

Why would you report income reported on Form 1099-NEC Nonemployee Compensation?  Your Schedule C for your trading activity should only have the expenses relating to your trading activity.  You need to create a separate "business" to report income reported on a 1099-NEC.  All of your trader income should be reported on Schedule D & Form 8949, or if you've made a mark-to-market election under section 475(f) on Form 4797.

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