L1 tax question regarding 1099-MISC

albert69

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Join Date: Feb 2021

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#1

L1 tax question regarding 1099-MISC

02-23-2021, 02:36 AM

Hi,
I'm currently filling my tax return for 2020 and I noticed that I received a 1099-MISC for the sign-up bonus I received from my online broker. Is there a special way to report it or will it be automatically considered as income ? Don't want that to be an issue in case I want to fill for a GC in the future.
Thanks
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Libra_14

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02-25-2021, 02:15 PM

You should consult a tax expert here.

- I am not an Attorney, hence not giving any legal advice. Just sharing MY opinion with an intent to help others.

If my opinion helping you, then please do click "like" button below.
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Saurabh9999

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#3

03-05-2021, 01:56 AM

Yes, Income from Form 1099-MISC will be reported at Other income and Taxed on Line 8 of your Form 1040.
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