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How to report amounts from a 1099-MISC box 8 but it is not from self-employed work?

I received a 1099-MISC from my brokerage firm and I have "Substitute payments in lieu of dividends or interest" in box 8. How do I report this? Turbo Tax thinks I am self employed and I am not.
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1 Best answer

Accepted Solutions
PatriciaR
New Member

How to report amounts from a 1099-MISC box 8 but it is not from self-employed work?

Here are the steps to enter your 1099-MISC with Box 8:

  • Sign into your account and click "Take me to my return"
  • In the Search box (upper right of program) search '1099 misc' and click the "Jump to" link from results
  • When at the 1099-MISC screen, click My form has other info in boxes 1-18. This will open additional boxes for entry including Box 8 Substitute Payments

NOTE: Do not enter the 1099-MISC under Self-Employment, enter under Other Common Income

Click on screenshot below for detail


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1 Reply
PatriciaR
New Member

How to report amounts from a 1099-MISC box 8 but it is not from self-employed work?

Here are the steps to enter your 1099-MISC with Box 8:

  • Sign into your account and click "Take me to my return"
  • In the Search box (upper right of program) search '1099 misc' and click the "Jump to" link from results
  • When at the 1099-MISC screen, click My form has other info in boxes 1-18. This will open additional boxes for entry including Box 8 Substitute Payments

NOTE: Do not enter the 1099-MISC under Self-Employment, enter under Other Common Income

Click on screenshot below for detail


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