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Get your taxes done using TurboTax
This income can be filed as other income by using the steps below. It's part of the buy out settlement.
- Scroll down the page to the last section titled: Less common Income and click show more;
- Select start or update next to the last topic titled Miscellaneous Income, 1099-A, 1099-C;
- Scroll down to the last option titled Other reportable income and select start or edit;
- When it asks, "Any other reportable income?" say yes then you will make one entry
- Enter this description: Medical Expense Offset > Enter the amount
This will carry the income to the Form 1040.
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‎February 8, 2021
5:39 AM