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Get your taxes done using TurboTax
It should actually be coded as Other Reportable Income.
It will be reported under:
- Wages & Income
- Work on other income
- Less Common Income
Home sale, canceled debt (1099-C, 1099-A), 1099-SA, gambling, etc. - Miscellaneous Income, 1099-A, 1099-C
- Scroll down to Other reportable income
- Enter description
If you enter it in another section it may incorrectly result in self-employment tax (Social Security & Medicare) and requiring the use of a Schedule C.
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March 29, 2021
6:59 AM