It was 2020 income since you received he check in 2020. You should report the income in the year you got the check. As to where to report the transaction in TurboTax ? It should be reported as a sale with no cost, unless you have a record of the item's cost. here's the path to follow to enter the transaction in TurboTax:
- Start at FEDERAL TAXES, then select Wages & Income
- You might see "I'll choose what I work on" > Scroll to Investment Income 1099 B, Stocks, Bonds, Mutual Funds, Other
- Answer the question Did you sell any investments?
- Did you get a 1099 B yes, then select "I'll type it myself'
- Enter the State as bank or brokerage
- Enter 1099 B info as Sale #1 with cost data if you have it, otherwise, zero cost.
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