Anonymous
Not applicable

Get your taxes done using TurboTax

Sorry John,

Not true.  I mean you may be right with No, 2021, and No.  But you can have the intent to earn money without opening a business.  This particular 1099-Misc was provided for interest paid by a broker who borrowed securities from my account.  No, it is not my main job.  Yes, 2021.  But YES, I did intend to make money.

 

......and that is where it goes off the rails.  On the Forms view, there is an option to check the "Other" box, which puts the entry where it belongs on Schedule 1.  The Step-by-Step is, as I described, wrong.  It does not offer the "other" option when listing all the other things that would keep you off the Schedule C.