ColeenD3
Expert Alumni

Get your taxes done using TurboTax

It is not interest. 

 

You would report this as miscellaneous income.

 

In TurboTax, Click on the following tabs:

  • Federal Taxes
  • Wages & Income
  • Scroll down to Less Common Income (you may have to click "Show more" to expand this category
  • Miscellaneous Income, 1099-A, 1099-C
  • To the right of this category click Start
  • Scroll down to Other Reportable Income
  • To the right of this category click Start