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Business & farm
If you didn’t receive a 1099-MISC, follow these steps to report the Class action monies rec'd:
- Sign in to TurboTax and open or continue your return.
- Search for lawsuit settlement and select the Jump to link.
- Answer Yes to the question Any Other Taxable Income?
- If you've already entered miscellaneous income, select Add Another Miscellaneous Income Item.
- Enter a brief description and the amount you received and click Continue.
This TurboTax link Where do I enter an award from a taxable legal settlement? has information you may find useful.
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February 19, 2022
3:46 PM