1099-misc

Forum|Forum|4 years ago
March 19, 2022
1 reply
6 views

I received a 1099-misc from Apex Clearing for stocks I purchased. Now turbo tax wants to know about my business. I do not have a business, I just bought stocks that made a dividend. How do I fix this?

CapriceMichelle

Level 2

For dividends you should have received a 1099-DIV not a 1099-Misc. It's possible that you are trying to enter the wrong type of form.

tbyerleyAuthor

Level 2

it was imported into turbo tax from the Apex site. I think it is wrong.

JillS56

Level 10

Do you have a hard copy of what you downloaded? If not, you should get a hard copy of the form you download. If it was for dividends, it would be a 1099-DIV. Look at what the form says 1099-DIV or 1099-MISC. Look at which section the form was downloaded to. Make sure the form was entered into the correct section. If in the correct section, then verify the numbers entered with the numbers on the hardcopy.

If in the wrong section, then delete the form from the wrong section and enter it into the correct section.