Yes, you will still need to report the income. Without receiving any tax forms, I will suggest you to report under "Other Income". Here are the steps:
In TurboTax online,
- Sign into your account, select Pick up where you left off
- To the right upper corner, in the search box, type in "other reportable income" and Enter
- Select Jump to other reportable income
- Next screen, Other Wages Received, select No to continue
- Next screen, scroll down all the way to the bottom, under Other reportable income, select Start
- Next screen, Any Other Taxable Income? select Yes to continue
- You will then enter the same amount as a negative number for the offset.
The amounts should show on line 8 of Schedule 1 and Form 1040.
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