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how do I get my 1099-MISC income from a broker's fully-paid lending program recorded on Schedule 1, Line 8z (Other Income) of my 1040?

TT keeps wanting to put this on a Sched C, and doesn't offer "Broker FPL program income" (or something similar) as an option.
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ThomasM125
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

how do I get my 1099-MISC income from a broker's fully-paid lending program recorded on Schedule 1, Line 8z (Other Income) of my 1040?

To have the income reported as "Other Income" as opposed to self-employment income, when you answer the questions in the section where you enter your Form 1099-MISC, you have to indicate that you:

 

1.  Did not have a profit motive for earning the income reported on the Form 1099-Misc

2.  You only received the income in 2025 and not the year before or after

3.  It was not associated with your job

 

How you answer those three questions in that section will determine how the income is treated as self-employment or as "Other" income. The answers won't appear on your tax return, they are just there to help determine how the income is treated. 

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2 Replies
ThomasM125
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

how do I get my 1099-MISC income from a broker's fully-paid lending program recorded on Schedule 1, Line 8z (Other Income) of my 1040?

To have the income reported as "Other Income" as opposed to self-employment income, when you answer the questions in the section where you enter your Form 1099-MISC, you have to indicate that you:

 

1.  Did not have a profit motive for earning the income reported on the Form 1099-Misc

2.  You only received the income in 2025 and not the year before or after

3.  It was not associated with your job

 

How you answer those three questions in that section will determine how the income is treated as self-employment or as "Other" income. The answers won't appear on your tax return, they are just there to help determine how the income is treated. 

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

how do I get my 1099-MISC income from a broker's fully-paid lending program recorded on Schedule 1, Line 8z (Other Income) of my 1040?

Thanks. I did that and (I think) it worked.  BUT, the questions for which you provided the workaround should be clarified before next season (or even now if you can move that fast.)  

 

 

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