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How do I account for interest from Fidelity "Fully Paid - Securities Loan" shown as "other income" on 1099-Misc?
The "Fully Paid - Securities Loan" program borrows stock from me to be sold short by other Fidelity clients. The stock owner is paid interest based on demand.
The "uncommon situations" options do not offer anything close to this scenario.
If "none of these apply", Turbotax assumes this is a standalone business.
The "uncommon situations" options do not offer anything close to this scenario.
If "none of these apply", Turbotax assumes this is a standalone business.
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March 10, 2022
6:01 AM