Yes, if you received Form 1099-MISC, enter this under Other Common Income. Indicate that this was prize money. TurboTax will place this on Line 21 Other Income of your Form 1040.
The easiest way to find this section of TurboTax is to use the Search box at the top right side of the TurboTax header. Click on the magnifying glass, type in "1099-misc", hit Enter, and click on "jump to 1099-misc" to go directly to beginning of this topic.
Or go to My Account >> Tools >> Topic Search. Type in "1099-misc", then click the topic in the list to go directly to the start of this section.
If you
did not receive Form 1099-MISC, you would still report the cash, or Fair Market Value of goods/services, as
Other Income. Search on "other reportable income" to go to this section of TurboTax.
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