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February 17, 2022
Question

I got a 1099-MISC for interest I earned on crypto. I believe this should go on Schedule 1 but when I enter the info, it's treating it as self-employment. How do I fix?

  • February 17, 2022
  • 1 reply
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It gets to the screen asking if it's farm related, prize winnings, etc. Once I click 'none', it starts treating it like self-employment.

1 reply

February 17, 2022

Follow the steps below to report this income that is not reported as self-employment income.

  • Select Federal from the left side menu.
  • Click on Wages & Income.
  • Scroll down to Less Common Income.  Click Show more.
  • Click Start / Revisit to the right of Miscellaneous income….
  • Click Start / Revisit to the right of Other reportable income.
  • At the screen Other Taxable Income enter the description of the income. 

View the entries at Tax Tools / Print Center / Print, save or preview this year's return / Include government and TurboTax worksheets.

 

The income will be listed on line 8z of the Schedule 1 Additional Income and Adjustments to Income and line 8 of the Federal 1040 tax return.

 

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