Yes, you should. You can enter it as Miscellaneous Income, using these steps:
- Federal Taxes
- Wages & Income
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Less Common Income click on the Start/Update box next to
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Miscellaneous Income, 1099-A, 1099-C....start
- Other reportable income..start
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Any Other Taxable Income? click the Yes box.
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Other Taxable Income, enter a description and the amount. Click Continue.
- The amount entered will appear on line 6 of the 1040 and line 21 of Schedule 1
You can claim a foreign earned income exclusion for foreign severance /unemployment income.
If you have more questions about this, ask in the comment box below.
