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I received $200.00 from TD Ameritrade as a bonus for investing $50,000 in stock. Thus I received 1099-misc showing the $200.00 in box 3. I cant complete 1099 misc..

I have tried all the FQA.  My 1099 misc inf appears in box 3 as other income.

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5 Replies

I received $200.00 from TD Ameritrade as a bonus for investing $50,000 in stock. Thus I received 1099-misc showing the $200.00 in box 3. I cant complete 1099 misc..

I need a person to talk to.  I have spent hours on this.

I received $200.00 from TD Ameritrade as a bonus for investing $50,000 in stock. Thus I received 1099-misc showing the $200.00 in box 3. I cant complete 1099 misc..

To enter a Form 1099-MISC -

  • Click on Federal Taxes
  • Click on Wages and Income
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Other Common Income
  • On Form 1099-MISC, click the start or update button

Or enter 1099-misc in the Search box located in the upper right of the program screen.  Click on Jump to 1099-misc

After entering the Form 1099-MISC the program asks a series of questions to determine how the income is to be reported.  On the screen for Uncommon situations select None of these apply.  Do not indicate that this income is from your work, that it was not an intent to earn money.

Ski_CO
New Member

I received $200.00 from TD Ameritrade as a bonus for investing $50,000 in stock. Thus I received 1099-misc showing the $200.00 in box 3. I cant complete 1099 misc..

I have the exact same problem.  Since TD Ameritrade enters the promotional income as Box-3 Other Income on the 1099-Misc form, Turbo Tax creates a Schedule C form (Profit or Loss from Business (Sole Proprietorship)), and then Turbo Tax asks for a bunch of information on the Schedule C when going through the Federal Review step.  The creation of a Schedule C seems wrong to me.  I don't have a Sole Proprietorship, but I also don't know how to accurately report the income under 1099-Misc, and not trigger the creation of a Schedule C.  Please help....  I too have spent hours on this, and can't find anything posted that solves my problem.  Thank you.

vincet123
New Member

I received $200.00 from TD Ameritrade as a bonus for investing $50,000 in stock. Thus I received 1099-misc showing the $200.00 in box 3. I cant complete 1099 misc..

I have the same problem.  Were you able to get around this issue?

BillM223
Employee Tax Expert

I received $200.00 from TD Ameritrade as a bonus for investing $50,000 in stock. Thus I received 1099-misc showing the $200.00 in box 3. I cant complete 1099 misc..

@vincet123

@Ski_CO

 

Did either of you follow the solution that DoninGA gave above? It's still valid.

 

Ski_CO - you may need to delete your business that you accidently created.

 

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