turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

So i recieved a 1099-MISC from Robinhood for getting free stocks for sending invites to friends and family. Now its asking that i input something on "link to schedule C",

what do i input?
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
KrisD15
Expert Alumni

So i recieved a 1099-MISC from Robinhood for getting free stocks for sending invites to friends and family. Now its asking that i input something on "link to schedule C",

Delete that 1099-misc 

Re-enter it this way:

Click Federal

Click Wages & Income

Click “See All Income” if needed

Scroll down (PAST SELF-EMPLOYMENT) to “Other Common Income”

Click “Show more”

Scroll down to “Form 1099-MISC”

Click Start

Enter the 1099-MISC and Continue

On the “Describe the reason for this 1099-MISC” screen enter something like “referral gift” and Continue

Select “None of these apply” and Continue

Select “No, it didn’t involve work like main job” and continue through the interview selecting the appropriate answers for a one-time payment for the referral. 

The amount from the 1099-MISC will be reported as Other income on the 1040 line 7a, not as Self-employment

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
cartoom02
New Member

So i recieved a 1099-MISC from Robinhood for getting free stocks for sending invites to friends and family. Now its asking that i input something on "link to schedule C",

If I paid for online ads to receive the free stocks, can I fill out a schedule c to deduct the expenses?

So i recieved a 1099-MISC from Robinhood for getting free stocks for sending invites to friends and family. Now its asking that i input something on "link to schedule C",

I cannot believe this worked and cleared the error allowing me to efile.  Thanks!

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies