My brokerage account gave me some fee rebates for 2023 and reported them as "Other Income" in box 3 on a 1099-MISC form. When I imported this form into TurboTax, it automatically entered it as business income on schedule C, and now TurboTax is requiring me to enter a valid 6-digit Principal Business Activity Code for this income before I can complete my return. This was not business income, however, so I don't have a business category to report. Is there a way to move this income to the personal section of my return and avoid this?
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Yes, you can report it as "Other Income". To do so in TurboTax:
Before reporting the 1099-MISC as Other Income, delete the 1099-MISC entry associated with Schedule C/Business Income.
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