How do you prevent turbo tax from showing a 1099-MISC as self employment?

My 1099-MISC is issued by a brokerage firm and is not self employment.

197

Expert Alumni

Apr 5, 2025 11:05:51 AM

You can enter as Miscellaneous Income. Under Less Common Income select Miscellaneous Income, 1099-A, 1099-C

On the Let's Work on Any Miscellaneous Income page, select Start to the right of Other reportable income
On the Any Other Taxable Income? screen, select Yes
On the Other Taxable Income screen enter the description then the amount. Select Continue
On the Other Miscellaneous Income Summary screen, select Done