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Level 2
Feb 21, 2021 11:39 PM UTC
Solved

USAA Rewards Program

I received a distribution from a USAA real estate rewards network program in 2020. I did not receive a tax form for the money I received and the FAQ at USAA say to ask my tax advisor (TurboTax). How should I handle this money I received from this program? Thank you.

    Alumni - Intuit
    Feb 22, 2021 1:26 AM UTC

    This is taxable income, but not subject to self-employment taxes.  It can be entered into TurboTax Self-employed by going to Federal, Income and Expenses, Less Common Income, Other Miscellaneous Income 1099-A, 1099-C, Other miscellaneous taxable income.

     

     

     

    2 replies

    Alumni - Intuit
    Feb 22, 2021 1:26 AM UTC

    This is taxable income, but not subject to self-employment taxes.  It can be entered into TurboTax Self-employed by going to Federal, Income and Expenses, Less Common Income, Other Miscellaneous Income 1099-A, 1099-C, Other miscellaneous taxable income.

     

     

     

    jdw8868Author
    Level 2
    Feb 25, 2021 12:51 AM UTC

    That worked, thank you!