If this settlement income was correctly reported to you on Form 1099-NEC, you can enter it as Other Income and not from a business.
Start in Federal Taxes >> Wages & Income >> Other Common Income >> Income From Form 1099-MISC. Click "Start" work through the interview.
After entering the info from the 1099-MISC, continue until you see the question about this being connected to your main job, and say "no." Check only the box for 201X income. Then answer that this was not an "intent to make a profit." Those three answers should classify this as "Other Income", which will appear as Other Income on Form 1040.
However, most settlement income is reported on Form 1099-MISC Box 3 "Other Income." You might contact the business that sent the 1099-NEC to obtain the correct form. The entry in TurboTax would be the same.
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