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Question

1099 Misc Income

Forum|Forum|1 year ago
April 12, 2025
1 reply
0 views

I have income from an investment that is listed on my 1099 as Misc under other income. I don't have a business it is my Morgan Stanley Account. I don't know how to report it on my taxes as it seems to want a form C and them assumes I have a business and give me a $12 credit.

put it in as a 1099-MISC but you will get a key question whether it was an "intent to earn money" - say No to that and it won't generate Schedule C (this is passive income not 'earned' like a business). It should then end up on Schedule 1 line 8z and then Form 1040 Line 8.