SharonD007
Expert Alumni

Self employed

To enter your 1099-MISC, for your Lawsuit Settlement, follow the steps below:

 

  1. Sign in to your TurboTax account
  2. Type 1099-MISC in the search box
  3. Select Jump to 1099-MISC
  4. Select yes to enter a 1099-MISC or Add another 1099-MISC
  5. Enter the information and select Continue
  6. When you get to the Describe the Reason for this 1099-MISC, enter Lawsuit Settlement and select Continue
  7. When you get to the Does any of these uncommon situations apply? Select This was money from a lawsuit settlement and answer the question regarding back wages and select  Continue.

Review the TurboTax article Are legal settlements taxable? for information on settlements.

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