Hi,
I received a 1099-MISC from a Trust that was created after the SEC shutdown an investment company I bought products from. The 1099 is for earnings from the company's remaining investor investments that were all put in a pool to payout the investors.
The 1099 payment was not return of the invested capital which is forecast to be paid out in the future.
When I enter the 1099-MISC in TurboTax, TurboTax wants to treat it an business income. How do i change this to investment income.
The investment was over 10+ years ago so hopefully any capital gains will be long term.
Appreciate any thoughts/help.
Thanks!
