Yes, you would need to enter that as income in your tax return. Assuming, you had no taxable document issued by your employer for these benefits, here is how you would report.
- Go to federal>income and expenses>all income>>show more
- Less Common Income> Start
- Miscellaneous Income,>start
- Other reportable income>start
- Next screen asks Any Other Taxable Income>yes
- The next screen will allow you to report the income with a brief explanation.
One suggestion i may offer. Check with your company to see if these benefits are already reported as W2 wages and included in Box 1 of the W2. If so, then you will not report this as I have shown above.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
