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Class action monies rec'd--Where to input this?

no 1099's  rec'd
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1 Best answer

Accepted Solutions
LeonardS
Expert Alumni

Class action monies rec'd--Where to input this?

If you didn’t receive a 1099-MISC, follow these steps to report the Class action monies rec'd:

  1. Sign in to TurboTax and open or continue your return.
  2. Search for lawsuit settlement and select the Jump to link.
  3. Answer Yes to the question Any Other Taxable Income?
    1. If you've already entered miscellaneous income, select Add Another Miscellaneous Income Item.
  4. Enter a brief description and the amount you received and click Continue.

This TurboTax link Where do I enter an award from a taxable legal settlement? has information you may find useful.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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2 Replies
LeonardS
Expert Alumni

Class action monies rec'd--Where to input this?

If you didn’t receive a 1099-MISC, follow these steps to report the Class action monies rec'd:

  1. Sign in to TurboTax and open or continue your return.
  2. Search for lawsuit settlement and select the Jump to link.
  3. Answer Yes to the question Any Other Taxable Income?
    1. If you've already entered miscellaneous income, select Add Another Miscellaneous Income Item.
  4. Enter a brief description and the amount you received and click Continue.

This TurboTax link Where do I enter an award from a taxable legal settlement? has information you may find useful.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Class action monies rec'd--Where to input this?

THANKS  FOR YOUR INPUT

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