turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Ski4
Level 1

1099-MISC

I'm having errors on my input for 1099-MISC.  The 1099-MISC comes from my broker.  In the brokers information it is transaction type "contract fee".  I don't perform work, so there's no business expense.  How do I delete on of these errors on Form C?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

1099-MISC

was this a bonus from a brokerage offer or something like that, rather than payment in exchange for contract work?  For those type items when you input the 1099-MISC you have to say "no" to the question about "intent to earn income" as this is not earned it's passive income.  That will just flow it thru to Schedule 1 and onto your 1040 line 8 rather than spinning up a Schedule C.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question