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received 1099 Mics from Etrade as other income for stock loan. Turbotax will not process correctly

 
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1 Reply
LindaS5247
Expert Alumni

received 1099 Mics from Etrade as other income for stock loan. Turbotax will not process correctly

You can report your income from Form 1099-MISC as "other income" on Schedule 1, line 8.

 

To enter this into TurboTax you can:

  1. Click on the search icon at the top right of your TurboTax Screen
  2. Type "other reportable income" in the search box
  3. Click on "Jump to other reportable income"
  4. Your screen will say "Other Wages Received"
  5. Did You Receive any other wages? "No"
  6. On the next screen, "Let's Work on Any Miscellaneous Income," 
  7. Scroll down and click the Start or Update button for the last topic, "Other reportable income."
  8. Your screen will say, "Any Other Taxable Income?" select "Yes"
  9. Enter your income with a description

The income will be reported on Schedule 1, line 8 with the description that you entered.          

 

Your screens will look something like this:

 

Click on Search and type "Other reportable income" in the search box:

 

 

 

 

 

     

Click here for "Where do I enter a 1099-MISC?"


Click here for "What Is the IRS Form 1099-MISC?"



 

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