- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
This should be reported as "Other Income". to enter in TurboTax, while in your return:.
- Type "Other Income" in the search window
- Click on "Jump to Other Income"
- Enter the information form you Form 1099-MISC, and click on Continue
- Enter a description such as "Bank Bonus" and click on Continue
- On the screen with "Does one of these uncommon situations apply?", indicate "None of these apply"
- Answer "No..." to "Did the Bank Bonus involve work that's like your main job?"
- Answer "I got it in 2018" when asked "How often did you get income for Bank Bonus?"
- Answer "No, it didn't involve an intent to earn money."
The amount will be reported on line 21 of Schedule 1 (Form 1040).
‎June 1, 2019
11:20 AM
925 Views