Because it has been reported on a 1099-Misc (within the composite Form 1099-B) as other income, you can report it as other income in TurboTax. To report the amount as other income, follow these steps:
- To enter other income in TurboTax online, click on Wages & Income, scroll down the page to Less common income, click on the drop-down arrow and select Miscellaneous Income.
- From the list select Other reportable income and respond to the questions on the screens that follow.
If you are using TurboTax CD/download, the process is similar. After selecting the Wages & Income tab, scroll down the screen to Less Common Income, and select Miscellaneous Income. Enter your information.
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