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Hello. I have got $200 Direct deposit as referral credit for my friends through PNC Bank. How can I mention that while filing IRS for 2018

 
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MichaelMc
New Member

Hello. I have got $200 Direct deposit as referral credit for my friends through PNC Bank. How can I mention that while filing IRS for 2018

First, check with the bank; they should have issued a Form 1099-MISC, showing the amount of the referral credit, although they may have opted-out since the amount was under $600.

If you did not receive a Form 1099-MISC:

Select Federal Taxes, Wages & Income, I'll Choose What I Work On.

Scroll all the way down to Less Common Income, and select Miscellaneous Income, 1099-A, 1099-C.

Select Other Income not already reported on For W-2 or Form 1099.

Select No.

On the next screen select Other reportable income, and select Yes, and on the next screen enter a description and amount. Click continue.

The description and amount will be included on Schedule 1 (Form 1040), line 21.

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1 Reply
MichaelMc
New Member

Hello. I have got $200 Direct deposit as referral credit for my friends through PNC Bank. How can I mention that while filing IRS for 2018

First, check with the bank; they should have issued a Form 1099-MISC, showing the amount of the referral credit, although they may have opted-out since the amount was under $600.

If you did not receive a Form 1099-MISC:

Select Federal Taxes, Wages & Income, I'll Choose What I Work On.

Scroll all the way down to Less Common Income, and select Miscellaneous Income, 1099-A, 1099-C.

Select Other Income not already reported on For W-2 or Form 1099.

Select No.

On the next screen select Other reportable income, and select Yes, and on the next screen enter a description and amount. Click continue.

The description and amount will be included on Schedule 1 (Form 1040), line 21.

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