- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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:
- From the left menu, go to Federal and select the first tab, Wages & Income.
- Add more income by scrolling down to the last option, Less Common Income, and Show more.
- Scroll down to the last option, Miscellaneous Income, 1099-A, 1099-C and Start.
- 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
ā€ˇFebruary 15, 2021
7:02 AM