mc30
New Member

Get your taxes done using TurboTax

I have this same issue.

 

Robinhood issues a 1099-MISC for any free stock you received for referrals in box 4.

 

The problem is that Turbo Tax assumes any 1099-MISC is a business and then requires me to provide a business license and in my state that will also make the income subject to state excise tax.  This doesn't make sense as trading stocks and securities at a personal level isn't considered a business.