Class action settlement

[rmorello]

Hi, last year I received a check from a class action settlement, on the amount of $97. Is this taxable money? should I declare it? if so, where would you put it in the income section?

Thanks

[AmyC · Accepted solution]

The income would be taxable. You can report it as "other income". Follow these steps:
1. go to the federal income section
2. scroll to the bottom
3. Miscellaneous Income, 1099-A, 1099-C, Start
4. Scroll to the bottom
5. Other reportable income, Start
6. Other taxable income?
7. Select YES
8. Description class action settlement
9. Amount, enter your amount $97
10. Continue