In TurboTax Online, report the income from LPL Financial as follows:
- Down the left side of the screen, click Federal.
- Down the left side of the screen, click Wages & Income.
- Click the down arrow to the right of Less Common Income.
- Click to the right of Miscellaneous income….
- Click to the right of Other reportable income.
- At the screen Any Other Taxable Income enter Yes.
- At the screen Other Taxable Income, enter description and dollar amount.
The income should be reported on line 8 of the IRS form 1040 and line 8z of the Schedule 1 Form 1040.
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