I received a 1099-misc from Ameriprise Investments. I imported it using Turbo Tax. I had $1.78 of other income in line 3 of the 1099-Misc. Now it wants to know all about my business that doesn't exist, based on this $1.78 of other income that was imported. Can anyone explain to me what went wrong or how I navigate through this? Do I go in and delete this $1.78?
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To enter a 1099-MISC for miscellaneous income in TurboTax:
To exclude it as business income, say NO to the questions regarding the intent to earn money and that it involved work like your main job.
To exclude it as business income, say NO to the questions regarding the intent to earn money and that it involved work like your main job. Also say you got it in 2021, only. Lying to TurboTax to get it to do what you want does not constitute lying to the IRS.
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