Received joining bonus of $200 from Chase on Jul'18. No tax deducted & no interest from bank. No 1099-INT provided by bank. Where to show this money in tax return filing?

Forum|Forum|7 years ago
June 4, 2019
1 reply
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I have opened a Chase checking account on July 2018, and received a joining bonus of $200. No tax has been deducted so far (SSN was provided during account opening) and no interest credit for this amount by the bank. Thus, I have not received any 1099-INT. Do I need to show as an income? If Yes, under which head (federal or state) and category I can do the same while filling my tax returns?

TurboTax Free Edition Android

MinhT1

Level 15

Yes, you have to report this income as Other Reportable income>

In TurboTax, open your return and follow these steps:

Click on Federal in the left-hand column, then on Wages and Income on top of the screen
Scroll down to All Income, locate the Less Common Income section
Click Show more and click Start next to Miscellaneous Income at the bottom and click Show More
On the next page, click Start next to Other Reportable Income (see attached screenshot).
Describe the income as Chase bonus and enter the amount