KathrynG3
Expert Alumni

Get your taxes done using TurboTax

The alternative to posting income as Form 1099-MISC is to post it as Other Income, which will not require the EIN. To do this in TurboTax, follow these steps:

  1. From the left menu, go to Federal and select the first tab, Wages & Income
  2. Add more income by scrolling down to the last option, Less Common Income, and Show more
  3. Scroll down to the last option, Miscellaneous Income, 1099-A, 1099-C and Start
  4. Choose the last option, Other reportable income and Start and Yes
  5. Enter the applicable description and amount and Continue

Physical injury or sickness settlements are not taxable unless certain circumstances apply. For more details, see: Are legal settlements taxable?

 

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