I got a 1099-MISC from Etrade and TT is asking me for a sch C business name, but I don't have a business, i just invest through Etrade

Forum|Forum|2 years ago
April 10, 2023
2 replies
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It's asking for a lot of info that I don't have.

TurboTax Online

JohnB5677

I there is something else going on. You should get a 1099-B for your stock trades. A 1099-MISC indicates that there is something else going on. It may not be self-employment, but it is other income of some kind.

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WHodgsonAuthor

Best I can figure is that it's from cash-in-lieu-of-stock dividend payouts, but I would have thought that would have been covered on the 1099-DIV, which I also got. Etrade does a combined 1099.

LCircuit

In case anyone wondering on source of the income, for my case it was E-trade promotion to transfer or deposit $X during the promotion period. Guess Etrade could have reported this as 1099-INT instead of 1099-MISC like all other banks do to for promotional offers.