Where should I enter info on $1600 that my spouse received from a potential buyer of her townhome that eventually fell through? This $ was for the next month's mortgage.

[buffysings]

The money was paid by a check from the escrow company with the closing statement stating "Closing Proceeds".  

[MinhT · Accepted solution]

You need to report this amount 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).