GEOman1
New Member

1099 MISC income reporting on Schedule C

Received a 1099 MISC tax statement from investment broker for a small amount. Income was generated from mutual fund investments. After entering the amount as MISC Income in the program, Turbo Tax transfers that income to Schedule C and asks me to complete missing info on that schedule. Turbo Tax populates my name as a sole proprietor on Schedule C and then asks me to fill in the name and address of "the business". I do not own or run a business, so I have no idea how to complete the information the program is asking for. Has anyone else run into this before? Any suggestions on how to comply? Thanks