I rec'd a 1099 misc (box 3)for a bank bonus. I'm asked whether to include this on Sch C or F. Neither seems to be correct. Isn't this interest?

[DDollar · Accepted solution]

This should be reported as "Other Income".  to enter in TurboTax, while in your return:.

• Type "Other Income" in the search window
• Click on "Jump to Other Income"
• Enter the information form you Form 1099-MISC, and click on Continue
• Enter a description such as "Bank Bonus" and click on Continue
  
• On the screen with "Does one of these uncommon situations apply?", indicate "None of these apply"
• Answer "No..." to "Did the Bank Bonus involve work that's like your main job?"
• Answer "I got it in 2018" when asked "How often did you get income for Bank Bonus?"
• Answer "No, it didn't involve an intent to earn money."

The amount will be reported on line 21 of Schedule 1 (Form 1040).