Consolidated 1099

[Acruea]

• I have a consolidated 1099 from my brokerage account.  It has a section called misc income.  Why is turbo tax asking me the job that I did?  It is income from the brokerage acct…..not work income.  How do I do this?

[AmyC]

Follow these steps:

1. Log in to your return.
2. Go to income
3. Scroll down to Other Common Income
4. Select Income from 1099-MISC
5. Edit/ Start/ Revisit
6. Enter income -the income should be in box 3,
7. Enter tax if any withheld in box 4
8. Continue
9. Describe the reason -
10. continue
11. None of these apply
12. Continue
13. Did this involve main job?
14. No 
15. Continue
16. How often do you get?
17. Got in 2024 
18. Continue
19. Intent to earn money?
20. No - I know the point of the brokerage is to make money- but not like a business 
21. Continue
22. Do you have another?
23. No
24. Continue