How can I add investment income from Box 1099-MISC to Form 8960 Part I Line 7? It is not flowing through.

Forum|Forum|3 years ago
April 18, 2023
1 reply
0 views

I received a 1099-MISC for investment income. I have been able to find out to input without triggering Sch C/self employment taxes, but the income is not flowing onto Form 8960.

TurboTax Premier Online

KrisD15

What is the income?

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

ayurowitzAuthor

It's investment income from various structured investments such as Callable Contingent Income Securities.

ThomasM125

You should have reported the income as capital gain income from investment sales. You can follow these steps to enter investment sale income in TurboTax:

Choose the Federal option on your left menu bar
Choose Wages & Income
Choose the Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) option
Choose Add investments
Choose the Stocks, Bonds, Mutual Funds option and follow the instructions

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"