Question

1099-Misc How do I fix an error on a 1099-Misc ?

Forum|Forum|3 years ago
April 18, 2022
1 reply
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The brokerage is reporting the basis for a stock purchase as income on a 1099-Misc.. The cost of the stock is $30.55 and the proceeds are $1.14. This is not income.

TurboTax Premier Online

ColeenD3

Enter it as other income with 1099-MISC description and then zero it out with another negative entry. Then add it in the Investment section, without a 1099-B.

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You can add it as Other Income.

Wages & Income
I'll choose what I work on
Less Common Income select Start (or Update) for
Miscellaneous Income.
Other reportable income and you can enter your own description(s) and amount(s).