I received a 1099 Misc for the first time this year from my financial institution. When I asked them about it, I got the following response.
1. An "Investment and Infrastructure Support Fee" is charged each quarter to clear mutual fund trades.
2. The mutual fund company reimburses a large portion of the fee and calls it "Investment and Infrastructure Support Credit".
In 2019, the credit ended up being $32 greater than the fee thereby resulting in the 1099 Misc. This is reported in Box 3 as other income. It is the only box with an entry.
How do I report this in TurboTax, i.e., how do I answer the questions?
Thanks
