No, the amount in box 6 is not what's causing the problem. Based on what you posted, this income should be reported as other income on Schedule 1 of the Form 1040. Rather than using the jump-to link, select Wages & Income, left margin, (TurboTax online), and then from Your income and expenses, scroll down to Less Common Income. Then follow these steps:
- Select Miscellaneous Income, 1099-A, 1099-C.
- On the next screen, select Other reportable income.
- Enter a description and the amount, then click Continue.
If you follow the above steps, the amount you enter should appear on Schedule 1, line 8z. To view Schedule 1 in TurboTax online, follow the steps:
- Select Tax Tools in the left menu (if you don't see this, select the menu icon in the upper-left corner).
- With the Tax Tools menu open;
- Select Tools.
- Next, select View Tax Summary in the pop-up.
- Then Preview my 1040 in the left menu.
- To get back to the step-by-step instructions, just click Back in the left margin.
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