Yes. This would be reported as 'Other Income' and you can use the following instruction to enter the income. As a reminder the amount you include in income on your return will be the cost basis of the stock when you sell it.
Open your TurboTax return:
- Click Wages & Income at the top
- Scroll down to Less Common Income. Click Show more
- Start Miscellaneous Income, 1099-A, 1099-C
- Start Other reportable income
- Say Yes to Any Other Taxable Income?
- Enter a description and amount
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