DavidD66
Expert Alumni

Investors & landlords

Yes, you can report it as "Other Income".  To do so in TurboTax:

 

  • Type "Other Income" in Search and hit Enter
  • Click on "Jump to other income"
  • Enter the information from your Form 1099-MISC, and click on Continue 
  • Enter a description such as "Fee Refunds" and click on Continue
  • On the screen with "Does one of these uncommon situations apply?", indicate "None of these apply"
  • Answer "No..." to "Did the Fee Refund involve work that's like your main job?"
  • Answer "I got it in 2023" when asked "How often did you get income for Fee Refund?"
  • Answer "No, it didn't involve an intent to earn money."

Before reporting the 1099-MISC as Other Income, delete the 1099-MISC entry associated with Schedule C/Business Income.  

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