topic 1099 Misc Income in Get your taxes done using TurboTax

1099 Misc Income

tbonbright — Sat, 12 Apr 2025 01:38:32 GMT

I have income from an investment that is listed on my 1099 as Misc under other income. I don't have a business it is my Morgan Stanley Account. I don't know how to report it on my taxes as it seems to want a form C and them assumes I have a business and give me a $12 credit.

Re: 1099 Misc Income

baldietax — Sat, 12 Apr 2025 01:43:00 GMT

put it in as a 1099-MISC but you will get a key question whether it was an "intent to earn money" - say No to that and it won't generate Schedule C (this is passive income not 'earned' like a business). It should then end up on Schedule 1 line 8z and then Form 1040 Line 8.