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Self employed
The credit union distributes excess reserves to its members based on member's use of credit union services (accounts, loans, etc). No work is involved. It is not like a farm or other coop. In the past I've just added it to interest earnings but since they will be issuing 1099-MISC for amounts over $600, I thought I should enter it there is it is even taxable. Thanks.
‎February 28, 2022
5:30 AM