It is taxable.
Reference: https://ttlc.intuit.com/community/tax-credits-deductions/discussion/relocation-assistance-from-landl...
It goes on Schedule 1, line 8, as other income. In TurboTax (TT), enter at:
- Federal Taxes tab
- Wages & Income
Scroll down to:
-Less Common Income
-Misc Income, 1099-A, 1099-C
- On the next screen, choose – Other reportable income - Answer yes to Any other Taxable Income -On the next screen, Enter the amount. Briefly explain at description.
