I received a 1099-misc for crypto stablecoin interest yield, which should just be passive "other" income, but TT categorizes it as self-employment income. How to change?

[wincerwj]

It does not give any option to count it as other income, it just asks which of my other schedule C should it be included in or to create a new one. There is no reason I should have to pay SE tax on this passive income

[NicolleR1 · Accepted solution]

Make sure that you are entering in the correct section. A 1099-MISC can be issued for a variety of reasons. To enter this as "Other Income", follow the instructions below.

If you are using TurboTax Online

• From the Home screen select Income. Scroll down and click on +Add Income
• Locate Other Common Income. Click on Income from Form 1099-MISC, and Add. 
  • This will add the form to the main screen. Go back to the main page and under Income you will see the section to enter your 1099-MISC. (answer corresponding questions)

If you are using TurboTax Desktop

• From the main screen select Federal Taxes, and then Wages & Income.
• Scroll down until you see 1099-MISC and other Common income and then Income from Form 1099-MISC. Click on start and answer corresponding questions