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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).

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