I received a brokerage incentive of $3500. It was reported on a 1099 Misc and I in turn put it into TT Deluxe.
It was listed as 'Other Income'
For some reason TT started/completed a Schedule C and now says I should pay $700 self employment tax.
I must have done something wrong her but I cannot determine what?
Any help would be appreciated.
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You reported this as though it were self-employment income. The form needs to be deleted and re-entered as other income.
To delete a form In TurboTax Online, here's the general procedure for viewing a list of all the forms in your return and deleting unwanted forms, schedules, and worksheets in TurboTax Online:
You can enter the 1099-MISC as income that is not self-employment income.
Follow these steps in TurboTax Online:
You reported this as though it were self-employment income. The form needs to be deleted and re-entered as other income.
To delete a form In TurboTax Online, here's the general procedure for viewing a list of all the forms in your return and deleting unwanted forms, schedules, and worksheets in TurboTax Online:
You can enter the 1099-MISC as income that is not self-employment income.
Follow these steps in TurboTax Online:
Thank you .
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