I received a 1099-misc for investment savings. Where do I enter this as regular income?

This money was deposited to your account, so in the IRS's eyes you did receive it.  You will have to pay income tax on the money, but you won't have to pay Social Security, and Medicare tax.

Enter this Miscellaneous Income:

1. Click on the Federal tab.
2. Click on Income & expenses.
3. Scroll down to Less Common Income.
4. Click on Start or Update button Miscellaneous Income, 1099-A, 1099-C
5. On the next screen (Let's Work on Any Miscellaneous Income), click the Start or Update button for Other reportable income.
6. Did you receive any other taxable income.  Click Yes.
7. Other Taxable Income, enter a description and the amount.  Click Continue.
8. Click Done.

When the interview question "Did you intend to make money".  The answer is NO.  This was not a job.

The income will be reported on Schedule 1 line 8 (z) with the description that you entered. 

If this does not completely answer your question, please contact us again and provide some additional details.

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