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

New Member

Jun 6, 2019 6:14:08 AM

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

New Member

Jun 6, 2019 6:14:08 AM

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