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Level 2
June 6, 2019
Solved

Why does inputting a 1099-Misc income that comes from stock options due to the sale of a former company you worked for create a Schedule C?

  • June 6, 2019
  • 3 replies
  • 10 views

Schedule C gets prepared and assumes that the income comes from a business I, as taxpayer, operated and asks me to fill in information on the business. 

Best answer by

You need to go back to the entries you made on the 1099-Misc. When asked "Did the Commission involve work tha's like your main job?" answer "No" (see screenshot)

Please comment if you need additional information.

3 replies

June 6, 2019
What box was this income reported in on the 1099-Misc?
dsworkAuthor
Level 2
June 6, 2019
Box 3
Answer
June 6, 2019

You need to go back to the entries you made on the 1099-Misc. When asked "Did the Commission involve work tha's like your main job?" answer "No" (see screenshot)

Please comment if you need additional information.