If this isn't a US entity, and you don't get a Form K-1 from this, enter the income as Other Income.
- First, go
to Federal Taxes and
select Wages and Income.
- Scroll
down to Less Common Income
- Choose
the last item, Miscellaneous Income
- On Let's Work on Any Miscellaneous Income choose
the last selection, Other reportable income (at the bottom of the list).
- Type in the description and the amount.
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