My 1099Misc has Other Inc which was for contract fees-distribution of coupon interest.When I show it on 1099Misc, it now asks me for self-employment info. Why is this?

[mesport]

This has nothing to do with work, it is investment based.  How do I report this correctly?

[PattiF]

You should report the 1099-MISC as Other Income by following these steps:

Follow these steps in TurboTax Online:

• In the Federal section, under Your income and expenses
• Scroll to Other Common Income
• Select Form 1099-MISC
• Follow the Prompts and enter amount in Box 3, Continue
•  Describe the reason for this 1099-MISC box
• Do any of these uncommon situations apply? check last box
• Select No, it didn't involve work like my main job on Did the contract fees involve work that's like your main job?
• Answer How often did you get income...Although you may receive this income every year, say that you only receive the 1099-MISC only in 2022, not in previous years and not in 2023, you will then have the screen where you can say that it did not involve an intent to earn money.
• Select No on Did theContract fees involve an intent to earn money?

[mesport]

Thanks PattiF.  That's exactly the steps I took except for the intent to make money.  That's probably the problem I had.  That now worked, thanks for your help.