Yes, this income is taxable. To report it:
- Click on your Federal Taxes tab and then the Wages & Income tab in that section.
- Scroll all the way down to the section called Less Common Income.
- Choose Miscellaneous Income at the bottom of the list, and then
- Choose Other Reportable Income at the bottom of that section.
- You'll be prompted to enter a description and an amount. You can name it "unclaimed property"
- TurboTax will calculate any applicable taxes for you.
- Click Continue when you are finished.
