To enter income from a Form 1099-MISC that is not from self-employment, in TurboTax Online, enter Form 1099-MISC information in the section to which it pertains. In Wages and Income, there are several locations where you can enter a Form 1099-MISC.
If you enter Form 1099-MISC in the Other Common Income section, at the screen "Does one of these uncommon situations apply?", a list of options appears from which you can select that includes reasons for Form 1099-MISC other than self-employed income.
The Instructions for Form 1099-MISC state the following regarding Line 8 (note that the instructions are directed to the issuer of the form):
Enter aggregate payments of at least $10 of substitute payments received by a broker for a customer in lieu of dividends or tax-exempt interest as a result of a loan of a customer's securities. Substitute payment means a payment in lieu of:
- A dividend, or
- Tax-exempt interest to the extent that interest (including original issue discount) has accrued while the securities were on a loan.
In the alternative, you can enter the amount of a Form 1099-MISC under Other Reportable Income. In TurboTax Online:
- Go to Wages and Income
- Scroll down to Less Common Income
- Go to Miscellaneous Income
- Select Other Reportable Income and follow the prompts. Enter a description for the reason for the payment.
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