I received a small dividend from TD Ameritrade for $12 bucks. It came on a 1099-Div form and I entered that info in Turbo Tax Deluxe as 1099-Div when filling out my information. When I go to run the Federal Review, it has one error and takes me to 1099-Misc where it shows the $12 bucks under Box 1 Rents and is requiring me to pick a form to report it on - Schedule C, E, 4385, or other.
First off - this is a 1099-DIV and I verified it was entered correctly. Why in the Federal Review is it taking me to a 1099-MISC and showing it as RENT.
Don't know what to do here... is this a bug and will this be fixed???
TurboTax is considering your dividend entry as Rent reported in box 1 of a form 1099-MISC as you may have entered it as a 1099-MISC.
Go into your tax return, delete the entry, and re-enter it as a 1099-DIV form.
You can enter your form 1099-DIV by following these steps: