Other Income

Jimbo · ‎March 4, 2019

About 2 years ago my brokerage account started listing some of my investment income as other vs. dividend/interest income. This

happened to my in laws as well. When reporting it in Turbo Tax it automatically generates a Schedule C, Self Employment Taxes, etc. Is this correct, or is there a way around it? Has this happened to anyone else?

Thanks,

Jimbo

IsabellaG · ‎March 4, 2019

Where does this Other Income come from? What kind of investment produces this income? It's important to review and understand your brokerage statements before you enter them into TurboTax. Even if you have imported the statements, you need to review them to understand how the income should be treated on your taxes.

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