PattiF
Expert Alumni

Get your taxes done using TurboTax

Yes, you need to report the bonus that you received from the bank for opening your savings and checking accounts. 

 

You can report this as @DavidS127 suggested above:

 

You report it in the 1099-MISC section. To get back to the place to enter your income:

  1. Click the "magnifying glass Search" icon on the top row,
  2. Enter "prizes" in the search window and hit return or enter,
  3. Click on the "Jump to prizes" link.

You can treat the income as if it were a "prize".

 

@Ja0226 

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