@ plantsauto
Is the income in Box 3 (Other income) of your 1099-MISC? Here's how to enter a 1099-MISC to show prize winnings:
- With your return open, click at the top on the Search button.
- In the Search line enter the exact term 1099-misc without quotes, and click the adjacent tiny magnifying glass. (ignore any dropdown menu suggestions as you type).
- Click on Jump to 1099-misc.
- If you had previously entered other 1099-MISC forms, then you may arrive at a 1099-MISC summary page. If so, click the link "add another 1099-MISC."
- Enter the 1099-MISC info.
- The next screen will ask you to describe the reason for the income, such as "Prize won from a radio station contest" (or whatever your situation is.)
- The next screen titled "Does one of these uncommon situations apply" will have a list of reasons for the 1099-MISC . One of the reasons listed will be "Prize winnings".
NOTE: Also see my next comment below about whether your 1099-MISC accurately reflects the actual Fair Market Value of your prize.
