RobinHood 1099-MISC???

[Shaned71]

When entering a 1099-MISC from robinhood, it tries to create a new business for me when it was just $9.00 worth. I have no idea why they sent it via a 1099-misc instead of a 1099-DIV or other form. How do I enter this without it saying I need to enter a business code for this new business?
Thanks for any guidance.

[PaulaM]

Is this for a gift of stock? Did you sell it? @Shaned71 

[Shaned71]

I don't have any idea why I received this 1099-M, it just says other income in the notes.  I have never sold any of this crypto they are referencing as the security description.  It may have been a gift from RH at one time that I was not aware of.

[JamesG1 · Accepted solution]

You may want to report this income as other income.  Follow these steps in TurboTax Online.

• Down the left side of the screen, click Federal.
• Down the left side of the screen, click Wages & Income.
• Scroll down to Less Common Income.  Click the down arrow to the right.
• To the right of Miscellaneous Income, 1099-A, 1099-C, click the Start / Revisit button.
• To the right of Other reportable income, click the Start / Revisit button.
• At the screen Other Taxable Income, enter a description and an amount. 

The entries will be reported:

• on line 8z of Schedule 1 of the Federal 1040 tax return, and 
• on line 8 of the Federal 1040 tax return.

[Shaned71]

I entered the amount as you recommended.

Thank you!

[terrwes]

If I report it as other income, should I delete all the other things entered or that downloaded from Robinhood first?

[DaveF1006]

Yes, delete all previous entries made so that the income is not counted twice.