My spouse received a 1099-Misc for an investment her father made for her many years ago. To make a long story short the company folded and she was issued a check for what little was left in the fund. I entered the info for the 1099 but now after the Federal review I am being asked to input information on the schedule C as if my spouse had a business. Some of the questions are:
- Is the activity a qualified trade or business under section 199A?
- Accounting method - Cash, Accrual, Other?
- Principal business code?
Did I do something wrong?
