KathrynG3
Expert Alumni

Get your taxes done using TurboTax

An alternative way of reporting miscellaneous income is through Less common income.

 

To report the settlement check, 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.

Also, you initially stated that you have not received either Form W-2 or Form 1099-MISC. If you are trying to report wages as if you had Form W-2 without Form W-2, keep in mind the IRS will not be able to match it.

 

For more details from the IRS, see: Tax Implications of Settlements and Judgments