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Get your taxes done using TurboTax
In TurboTax, go to Less Common Income > Miscellaneous Income > Other Reportable Income. You can describe the income as "retained earnest money deposit" or something similar.
This will cause the income to appear on line 21 of your 1040, which is correct.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
‎June 4, 2019
2:31 PM