You'll need to sign in or create an account to connect with an expert.
It may depend on what type of investment income to determine the best place to enter it. However, you can follow the steps below so that it doesn't indicate it is self employment or related to your side job.
It's important that you made the appropriate selections so that TurboTax does know that it was not self employment income.
This will report the income without any business/self employment activity and it will show up on Form 1040, Line 8 (From Schedule 1, Line 8z).
It may depend on what type of investment income to determine the best place to enter it. However, you can follow the steps below so that it doesn't indicate it is self employment or related to your side job.
It's important that you made the appropriate selections so that TurboTax does know that it was not self employment income.
This will report the income without any business/self employment activity and it will show up on Form 1040, Line 8 (From Schedule 1, Line 8z).
Thank you so much. One caveat is that I also have to choose whether I earned income like this prior or intend to in the future. I unchecked the boxes for intent and that allowed the question re: whether I earned it with intent to show up.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
august428
New Member
pjboys
New Member
mpmp2
Returning Member
emmaelotter
Level 1
rbonifay52
New Member