DavidD66
Expert Alumni

Get your taxes done using TurboTax

If the payment was an insurance death benefit, it is not taxable.  If it is for something else, to report as "Other Income" in TurboTax, while in your return:.

  • Type "Other Income" in the search window
  • Click on "Jump to Other Income"
  • Enter the information from your Form 1099-MISC, and click on Continue
  • Enter a description and click on Continue
  • On the screen with "Does one of these uncommon situations apply?", indicate "None of these apply"
  • Answer "No..." to "Did the [Description] involve work that's like your main job?"
  • Answer "I got it in 2019" when asked "How often did you get income for [Description]?"
  • Answer "No, it didn't involve an intent to earn money."

The amount will be reported on line 8 of Schedule 1 (Form 1040).

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