Yes. You can report it as Other Income on line 21 of the Form 1040. Here is how to get there in TurboTax:
-
Federal
Taxes tab
(Personal tab in the Home & Business version)
-
Wages
& Income (Personal
income in the Home & Business version)
- Continue
or I'll Choose What I Work On (if they show up)
- scroll
to Less Common Income
- then, Miscellaneous Income, 1099-A,
1099-C
- select
to Start or Update
- on
the next screen, scroll to Other
Reportable Income on the
bottom and select that
- in
the next screen or two, you can write a description and the amount
