My wife had ~1% equity ownership in a company that was sold in 2018 and she received $11k in 2019 related to the sale, reported on 1099-MISC.
Turbo tax seems to move this income to Schedule C but this isn't profit (or loss) from business operations. It's a result of her equity/ownership in the company that was sold. It feels like I'm not filling out the 1099-MISC questions appropriately but would appreciate advice on how I need to report this in Turbo Tax.
Thanks,
Josh