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Get your taxes done using TurboTax
What kind of investment income was it? What did you do to get this money. And, why was it reported to you on a 1099-Misc? What box # on the 1099-Misc is the $ shown in? And why are you going to get it every year?
Normal investment income (interest , dividends, capital gains/losses are not reported on a 1099-Misc. If the income is similar to interest and dividends, then reporting it as "other income", as described by others is OK. But, if this the sale of an asset or the return of capital, it needs to be handled differently.
‎April 12, 2021
10:49 AM