DaveF1006
Expert Alumni

Retirement tax questions

Yes, you do have a fiduciary responsibility to report this extra income on your tax return even though there is not tax document that reports the income. To report this:

 

  • Click Federal > Wages & Income>all income>
  • Go to the last selection, Miscellaneous Income and click Start
  • Go to the last option, Other reportable income and click Start
  • When it asks, "Any other reportable income?" say yes and then type in a description and the amount to report it on your tax return.
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