LisaBr
New Member

Get your taxes done using TurboTax

If you didn’t receive a 1099-MISC, follow these steps to report the income:

  1. Sign in to TurboTax and select the Take me to my return button on the main screen.
  2. Type “lawsuit settlement” in the Search box and then select the “Jump to” link.
  3. Answer Yes to the question Any Other Taxable Income?
  4. Enter a brief description and the amount you received and click Continue.

Interest earned on settlements is taxable income and should be entered as a Form 1099-INT.

[From:  https://ttlc.intuit.com/questions/1901380-where-do-i-enter-an-award-from-a-taxable-legal-settlement]

 [Edited 03.14.2018 PM EST]