Question

Robinhood 1099's

Forum|Forum|4 years ago
April 10, 2022
1 reply
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I do not want to be considered a business (schedule C) when entering my 1099's into turbo tax when my income is only 1.80 on my 1099-MICS. How do enter the info with out being considered a business. I am not doing this a day trader and it is not my main sorce of income. Don't need the headache for just the little bit of income it has generated.

LeonardS

To add your 1099-MISC without generating a business return follow these steps:

Open or continue your return, if you're not already in it.
Search for 1099-MISC and select the Jump-to link.
On the page 1099-MISC summary check Add a 1099-MISC
Answer the questions on the page Let’s get info from your 1099-MISC.
On the page Describe the reason for this 1099-MISC enter the reason for the 1099-MISC
Answer Does one of these uncommon situations apply?
Answer Did this involve work that's like my main job?
Answer How often did you get this income?
Answer Did this involve an intent to earn money?
Answer the remaining on-screen questions.