KathrynG3
Expert Alumni

Investors & landlords

To answer your questions:

1. Yes, delete and re-add it

2. Yes, you could enter the income there, but you need to watch more carefully that you don't inadvertently fall into the self-employed bucket. 

 

Here are the steps to enter it there: 

  1. From the left menu, select Federal>
  2. Wages & Income>scroll down and click Add more income>
  3. Other common income click Show more>
  4. Form 1099-MISC click Start or Revisit
  5. Fill in the 1099-MISC as received
  6. The next screen asks for a description, such as Royalty Income from Robinhood; enter and click Continue
  7. Does one of these uncommon situations apply? Select None of these situations apply and click Continue
  8. Did this involve work that's like your main job? Select No, it didn't involve work like your main job and click Continue
  9. How often did you get income for this? Answer you got it in 2019 only and click continue
  10. Did this involve an intent to earn money? Select No, it didn't involve an intent to earn money and click Continue
  11. Do you have any other 1099-MISC answer and click Continue

3. Yes. Only enter it once. It is best to delete it from where you initially entered it. You can also check the Delete a form section to verify it is gone. Before entering it and after deleting it at the point of entry, I recommend verifying it is deleted by following these steps:

  • From the left menu, select Tax Tools
  • Tools
  • Delete a Form
  • Scroll to Form 1099-MISC. If you see it there and it is the 1099-MISC from Robinhood, re-delete it and confirm that you want to delete it
    • If you don't see it, then you successfully deleted it and can continue re-entering it