Hi, I received a 1099 MISC form as part of a bonus for my job, money is intended for educational loan repayment, but given directly to me. Income is reported on box 3 of the form. When entering into TurboTax, it wants to treat it as business income, and asks for Schedule C - including information such as business info, business code, etc. Is this correct? Any help would be appreciated!
Edited to add: Does it matter that I'm employed by a group that contracts with a larger entity, and the larger entity is the one who paid the bonus, as a "sign-on" bonus?
