BWD_82
Returning Member

Student Loan Forgiveness on 1099-NEC

I have a 1099-NEC for student loans forgiveness or repayment by a third party. I entered the 1099-NEC in TurboTax and it categorizes it as business income. The instructions on the 1099-NEC says that if it is not self-employment income, then it is a sporadic activity or hobby and to enter it as Other Income on Form 1040 Schedule 1. I cannot get Turbo Tax to let me do that. How do I correct this?