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Get your taxes done using TurboTax
Yes, you can delete the Form 1099-MISC and then enter the income in the Less Common Income section. You can enter the full amount shown in Box 10 and Box 3 (add them together) and the description should be Settlement. These are the same steps provided by @ErnieS0.
- Click Federal in the left column
- Click Wages & Income at the top
- Scroll down to Less Common Income. Click Show more
- Start Miscellaneous Income, 1099-A, 1099-C
- Start Other reportable income
- Say Yes to Any Other Taxable Income?
- Enter a description and amount
Box 3 indicates this is not self-employment and should not be subject to the additional taxes associated with it.
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March 4, 2021
1:44 PM