In 2020 Premier version, when I entered Section 1296 (PIFIC form 8621) LOSS under 1099-Misc - Turbo Tax generates a Schedule C and enters it there. but this is NOT a business!
Mark-to-Market gain/loss is supposed to be entered under ordinary Income. I can only enter it as a loss if I create a 1099-NEC which then correctly enters is as a loss in Schedule 1 Line 8. How can I edit the entry "non employee compensation from 1099-NEC" to "Form 8621 Section 1296?
