LindaS5247
Expert Alumni

Get your taxes done using TurboTax

You can report this $500, one-time payment under "Other Reportable Income" in TurboTax.

 

In TurboTax Desktop:

  1. Go to the "Wages & Income" section of TurboTax
  2. Select "I'll Choose What to Work On"
  3. Scroll down to "Less Common Income"
  4. Select "Start or Update" next to Miscellaneous Income"
  5. Scroll down to "Other Reportable Income "
  6. Select "Start or Update"
  7. Next to "Other income not already reported on a Form W-2 or Form 1099", click on "Start" or "Update"
  8. The next screen will ask, "Did you receive any other wages?" Select "Yes" and "Continue"
  9. Select "Continue" on the next 3 screens
  10. On the screen "Any Other Earned Income" Select "Yes" and "Continue"
  11. Your next screen says "Enter Source of Other Earned Income" select "Other" and "Continue"
  12. On the screen, "Any Other Earned Income" enter a description of your work and the amount ($500)
  13. Select "Done"

In TurboTax Online:

  1. Continue your return
  2. In your left panel click on "Wages & Income"
  3. Scroll down to "Less Common Income"
  4. Click on the (down-facing) caret next to "Less Common Income"
  5. Click on "Start" or  "Revisit"  next to "Miscellaneous Income, 1099-A, 1099-C
  6. Next to "Other income not already reported on a Form W-2 or Form 1099", click on "Start" or "Revisit"
  7. The next screen will ask, "Did you receive any other wages?" Select "Yes" and "Continue"
  8. Select "Continue" on the next 3 screens
  9. On the screen "Any Other Earned Income" Select "Yes" and "Continue"
  10. Your next screen says "Enter Source of Other Earned Income" select "Other" and "Continue"
  11. On the screen, "Any Other Earned Income" enter a description of your work and the amount ($500)
  12. Select "Done"
  13.  

 Click here for "What's the difference between self-employment income and other income?"

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