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Deductions & credits
Yes, you do need to report it. Any amount of money received/earned is taxable regardless of the amount. Report the $20 received from the 'clawback' settlement using the steps below.
If you do not have tax document you can enter it as follows:
Other Miscellaneous Income:
- Sign into your TurboTax Online account
- Go to Tax Home (left panel) Wages and Income section
- Scroll to Less Common Income > Select Miscellaneous Income, 1099-A, 1099-C
- Select Other reportable Income > Enter a description (----) and the amount
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‎February 24, 2026
10:40 AM