rjs
Level 15
Level 15

Get your taxes done using TurboTax

You report it as "other income" on Schedule 1 line 8. Here's how to enter it in TurboTax.


In the Search box type "lawsuit settlement" (without the quotes), then click the link that says "Jump to lawsuit settlement." I know that's not what you have, but it's the only search term I could find that gets you to the right place.


The first screen asks, "Any Other Taxable Income?" Click Yes.


On the next screen, "Other Taxable Income," enter a short description such as "Surveys" and enter the total amount. Click Continue.


On the next screen click Done.


The income will be reported on Schedule 1 line 8 with the description that you entered.