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

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

Anonymous
Not applicable

1099-nec

received a 1099-nec from a hospital for $36,000 box 1. I am not employed or self-employed by them. the sum was for the selling of my stock (surgery center) to them as they purchased the center.  I bought the stock for $65,000 in 2011.  i want to treat it as investment income as it is a lost. how do i handle the 1099-nec (skip it, put 0 etc.) and can i just enter it in the investment income section?

thanks in advance peter

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
MaryK4
Expert Alumni

1099-nec

You will enter in the investment section and delete the 1099-NEC entry in TurboTax since you will be reporting the income as an investment.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies