Enter the lease buy-out as follows in the 1099-MISC interview:
- Enter the 1099-Misc in the Other Common Income section (Enter "1099misc" in the Search Box and Select "Jump to 1099misc")
- For "Description", enter "Lease Buy-out Pmt"
- Also check that it does not involve work like your main job, that it did not involve an intent to make money, and is not a recurring payment (received in the past or expected in the future) (these questions only apply to active, not passive, income).
- The income will be reported on line 21 of your return.
