Structured Bond

[SLG1]

I received dividends on a structured bond in a 1099 MISC. Turbo Tax has created a Schedule C for it and is asking whether I made payments that required a 1099. Don't understand what  I should answer?

[DianeC958 · Accepted solution]

If you received a 1099-Misc for the dividends the amount should be in Box 3, Other Income.

To report this income on your return 

Enter the 1099-Misc

On the next screen Describe what the payment was for

On the next screen select "none of these apply"

On the next screen select "No it didn't involve work like my main job"

On the next screen select "I only got it in 2019"

On the next screen select No, it didn't involve intent to earn money

TurboTax will put the amount on line 21 of form 1040 as other income