1099-MISC but should not be on Schedule C

[joerosenbaum]

I invested some money through my brokerage. For some reason, some of the returns are reported on a 1099-MISC and so Turbo Tax accumulates them on Schedule C. This is not income from a job or side business. How do I remove this from Schedule C??

[ColeenD3]

You will need to delete the Schedule C.

Here's the general procedure for viewing the forms list and deleting unwanted forms, schedules, and worksheets in TurboTax Online:

• Open or continue your return in TurboTax.
• In the left menu, select Tax Tools and then Tools.
• In the pop-up window Tool Center, choose Delete a form.
• Select Delete next to the form/schedule/worksheet in the list and follow the instructions.

To enter:

Under the Wages & Income scroll down to Other Common Income and elect to start/update Income from form 1099-MISC. Then click YES to indicate you have a 1099-MISC. 

• Enter the 1099-MISC exactly as it appears. Continue
• Enter the reason you got this income.
• Select None of these apply. Continue.
• Select No, it didn’t involve work. Continue
• Select the tax year for which this 1099-MISC was issued.
• Select No, it didn’t involve an intent to earn money. Continue.
• Select No. Continue.