DianeW777
Expert Alumni

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:

  1. Sign into your TurboTax Online account
  2. Go to Tax Home (left panel)  Wages and Income  section
  3. Scroll to  Less Common Income > Select  Miscellaneous Income, 1099-A, 1099-C
  4. Select Other reportable Income > Enter a description (----) and the amount

@user314 

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