I have a consolidated 1099 from my brokerage account. It has a section called misc income. Why is turbo tax asking me the job that I did? It is income from the brokerage acct…..not work income. How do I do this?

Follow these steps: Log in to your return. Go to income Scroll down to Other Common Income Select Income from 1099-MISC Edit/ Start/ Revisit Enter income -the income should be in box 3, Enter tax if any withheld in box 4 Continue Describe the reason - continue None of these apply Continue Did this involve main job? No Continue How often do you get? Got in 2024 Continue Intent to earn money? No - I know the point of the brokerage is to make money- but not like a business Continue Do you have another? No Continue

A

Acruea

Question

Consolidated 1099

Forum|Forum|1 year ago
March 28, 2025
1 reply
0 views

I have a consolidated 1099 from my brokerage account. It has a section called misc income. Why is turbo tax asking me the job that I did? It is income from the brokerage acct…..not work income. How do I do this?

AmyC

Employee

Follow these steps:

Log in to your return.
Go to income
Scroll down to Other Common Income
Select Income from 1099-MISC
Edit/ Start/ Revisit
Enter income -the income should be in box 3,
Enter tax if any withheld in box 4
Continue
Describe the reason -
continue
None of these apply
Continue
Did this involve main job?
No
Continue
How often do you get?
Got in 2024
Continue
Intent to earn money?
No - I know the point of the brokerage is to make money- but not like a business
Continue
Do you have another?
No
Continue