The value of the gift cards has to be reported on your tax return as Other Reportable income.
To enter it in
TurboTax, open your return and follow these steps:
- Click on Federal in the left-hand column, then
on Wages and Income on top of the screen
- Scroll down to All Income, locate the Less Common
Income section
- Click Show more and click Start next to Miscellaneous
Income at the
bottom and click Show More
- On the next page, click Start next to Other
Reportable Income.
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