I am stuck - it is asking "Describe the reason for this 1099-MISC" I don't know, the amoung comes directly from Morgan Stanley

[giovannimaxroma]

Schedule C 1099-MISC Why am I stuck here?

[Mike9241]

INVESTMENTS

[baldietax]

if this is like a brokerage payment for some reason, special dividend or offer etc, there would have been an interview question whether it was for an "intent to earn income" - say No to that and it will not generate Schedule C for this and it will be reported on Schedule 1 / Form 1040 Line 8.  The description doesn't matter I think Schedule 1 defaults to some generic verbiage about 1099-MISC.

[SharonD007]

Do you have a business or are you self-employed? Your Form 1099-MISC from Morgan Stanley isn't Self-Employment income. Did Morgan Stanley give you some kind of bonus?

If you're not self-employed or have a business, delete the 1099-MISC and enter it under Other Common Income in the Income & Expenses Section. Refer to the TurboTax Help article How do I edit or delete a 1099-MISC? for navigation instructions to delete.

You can enter the income as “Other Income” so it won’t be subject to self-employment taxes.  Follow the steps below:

1. Open TurboTax
2. Select Federal Taxes
3. Select Wages & Income
4. select Start by Form 1099-MISC under Other Come Income
5. Select Yes to Did you get a 1099-MISC?
6. Follow the prompts to enter your 1099-MISC
7. Enter the reason (Morgan Stanley) to Describe the reason for this 1099-MISC
8. Select None of these apply to Does one of these uncommon situations apply?
9. Select No to it didn’t involve work like your main job
10. Make your selection to How often did you get the income?
11. Select No to Did it involve an intent to earn money?

For additional information, review the TurboTax articles What's the difference between self-employment income and other income? and Where do I enter a 1099-MISC?