My business received a 1099 from a law suit, where do I enter the income for the business?

[jeffandjeffservi]

I received a 1099-MISC from a law suit for my business (the 1099 has my business name and  ein and not my social security). I can't find an other income section in the business income section of Turbo Tax so not sure where to include it.

[AnnetteB]

If your business is reported on Schedule C, you would just include that 1099-MISC with your other business income that you have reported.  There is not a separate category of income that it should go into, just income.

If you had legal fees as part of the law suit, you can deduct those as a business expense.