Yes, TurboTax Deluxe and higher can handle your tax situation.
If you didn’t receive a 1099-MISC, follow these steps to report the income:
- Sign in to TurboTax and open or continue your return
- Search for lawsuit settlement and select the Jump to link
- Answer Yes to the question Any Other Taxable Income?
- If you've already entered miscellaneous income, select Add Another Miscellaneous Income Item
- Enter a brief description and the amount you received and select Continue.
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