Follow these steps if you have a 1099-MISC:
- Under the Federal menu, click on Wages & Income
- Expand the menu for Other Common Income
- Click Start/Revisit next to Form 1099-MISC
- Enter the information as shown on your document
Be sure to indicate that this is NOT related to your main work. Robinhood income is not considered self-employment or a trade or business. You should not be generating a Schedule C. The income should be reported on line 8 of Schedule 1.
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