topic RobinHood 1099-MISC??? in Get your taxes done using TurboTax

RobinHood 1099-MISC???

Shaned71 — Wed, 11 Feb 2026 07:34:23 GMT

When entering a 1099-MISC from robinhood, it tries to create a new business for me when it was just $9.00 worth. I have no idea why they sent it via a 1099-misc instead of a 1099-DIV or other form. How do I enter this without it saying I need to enter a business code for this new business?
Thanks for any guidance.

Re: RobinHood 1099-MISC???

PaulaM — Mon, 15 Apr 2024 21:56:44 GMT

Is this for a gift of stock? Did you sell it? @Shaned71

Re: RobinHood 1099-MISC???

Shaned71 — Mon, 15 Apr 2024 22:00:27 GMT

I don't have any idea why I received this 1099-M, it just says other income in the notes. I have never sold any of this crypto they are referencing as the security description. It may have been a gift from RH at one time that I was not aware of.

Re: RobinHood 1099-MISC???

JamesG1 — Tue, 16 Apr 2024 13:43:51 GMT

You may want to report this income as other income. Follow these steps in TurboTax Online.

Down the left side of the screen, click Federal.
Down the left side of the screen, click Wages & Income.
Scroll down to Less Common Income. Click the down arrow to the right.
To the right of Miscellaneous Income, 1099-A, 1099-C, click the Start / Revisit button.
To the right of Other reportable income, click the Start / Revisit button.
At the screen Other Taxable Income, enter a description and an amount.

The entries will be reported:

on line 8z of Schedule 1 of the Federal 1040 tax return, and
on line 8 of the Federal 1040 tax return.

Re: RobinHood 1099-MISC???

Shaned71 — Tue, 16 Apr 2024 14:57:49 GMT

I entered the amount as you recommended.

Thank you!

Re: RobinHood 1099-MISC???

terrwes — Tue, 18 Feb 2025 16:16:37 GMT

If I report it as other income, should I delete all the other things entered or that downloaded from Robinhood first?

Re: RobinHood 1099-MISC???

DaveF1006 — Sat, 22 Feb 2025 15:32:19 GMT

Yes, delete all previous entries made so that the income is not counted twice.