Yes you can. If you are using TurboTax online, just select the magnifying glass icon, upper right side, and in the search box enter, "other income." (No need to use the quotation marks). You should see a jump-to link that will take you to the section where you can enter your other income.
Additionally, here are the steps to follow to report this income as "Other Income" if for some reason the jump-to link does not work for you. Go to the Wages & Income section (Income & Expenses in TurboTax online). When you are in the Wages & Income section, scroll down to the bottom of the page where you will see Less Common Income, and at the bottom of that list, select Miscellaneous Income.
On the next page, select Other Income (or Other reportable income in TurboTax online) and respond accordingly to the questions. You will have to enter the amount you received, and a short description of the income. When done, this income item will be on your Form 1040, line 8.
If you are using TurboTax Online, here are the steps to follow to preview your Form 1040 and Schedules 1, 2, and 3 if applicable. In your case, the other income amount should appear on Schedule 1 as well as your Form 1040.
Open or continue your return.
- Select Tax Tools in the left menu (if you don't see this, select the menu icon in the upper-left corner).
- With the Tax Tools menu open;
- Select Tools.
- Next, select View Tax Summary in the pop-up.
- Then Preview my 1040 in the left menu.
@Dendatt
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