I'm still confused.
I understand where to enter the 1099-MISC, but don't understand why I have to pay tax on it...because like you said a capital credit from a telephone coop is "not taxable income for residential consumers"...and I'm a residential consumer.
They even sent a slip of paper saying they're required to send the 1099-MISC out, but that we need to consult our tax preparer as to how to handle it.
Still confused...!?
