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Received a 1099-misc (box 3) for interest income related to a promisory note. TT is treating it as work income and charging SE tax. How do I change to interest income?
TT does not provide a simple selection for interest income reported on 1099-MISC. The LLC was advised by their CPA to use 1099-MISC instead of 1099-INT.
I've answered that it is not work related to my profession or work related, but TT still treating it as work income. Is there a bug in the program? I put in the description line that it is interest income, but TT appends work behind my description.
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‎June 4, 2019
9:14 PM