Where do I enter amounts received from a brokerage for opening a brokerage and IRA accounts?

[Periwinkle65]

Fidelity was running a promotion last year. I received $200 to transfer my IRA account and $2300 for transferring a brokerage account. I understand that these amounts are taxable as regular income. I don't know where to enter the amounts on the tax forms.

[MinhT · Accepted solution]

You'll need to report this income as Other Reportable Income.

In TurboTax, open your return and follow these steps:

• Click on Federal Taxes, then on Wages and Income
• Under All Income, locate the Less Common Income section
• Click Show more and click Start next to Miscellaneous Income at the bottom
• On the next page, click Start next to Other Reportable Income (see attached screenshot).