I received a 1099-MISC Other Income from my broker for transferring money into my account. Turbotax is giving me three options to report the income: Schedule C, Schedule F, or Form 4835. None of these seem to be applicable. Suggestions?
Thank you.
Dave
I noticed that you are using TurboTax Basic. So the program will allow you to specify that the income is "Other Income" that is reported in Box 3.
I noticed that you are using TurboTax Basic. So the program will allow you to specify that the income is "Other Income" that is reported in Box 3.
I answered all the interview questions and TurboTax put the income on line 21 of my 1040 "Other Income". Guess this makes sense, at least it is listed on my return. Thanks for your help. I normally work in Forms mode but this time the Interview mode actually helped.
I have the same problem--the bonus was issued to me and my husband--TT only lets me enter one person--is this ok? Also should I write Prize/Bonus/Incentive? Next it asks "Does one of these uncommon situations apply? the answers "Prize money or manufacturers incentive or none of the above seem to all fit partially--which is it?