I got a 1099-MISC from Vanguard for security lending - which is NOT work. How to enter this without having to "enter a new line of work" / self-employed section?

[modyssic]

There seem to be no options in the 1099-MISC questionnaire to avoid this.

[MindyB]

 You should answer that it did not involve the intent to earn money, otherwise it seems that this income is business related.

Here is how to report the 1099-MISC:

1. Navigate to Federal > Wages & Income > Other Common Income> Form 1099-MISC> Start or Revisit
2. Enter the 1099-MISC as printed, Continue
3. Describe the reason for this 1099-MISC.
4. Select None of these uncommon situations apply, then continue
5. Select No, it didn’t involve work that's like your main job and continue
6. The next screen asks how often you get income from this.  Select only the year of this specific 1099-MISC, 2025.
7. Next, select No, it didn't involve the intent to earn money
8. You can check this in TurboTax Online by navigating to Tax Tools on the left of your screen, choose Tools, then View Tax Summary. On the left of the screen, select Preview my 1040, then verify the amount is included on Schedule 1, Line 8z "Other Income."

[modyssic]

The key to this is (6), which I figured out after wasting lots of time: select *only the year 2025* for the income.

Which does not make sense, since I had the same income in 2024 and I will also have it in future years.

But if you select more than one year, you will NOT get the question ""Did the Vanguard Security Lending involve an intent to earn money?", and you end up in the self-employment rabbit hole with no way out. 

This clearly is a bug in TT, or at least very misleading, and a big time waster. It should be fixed.