Found cash

Cebusguy — Thu, 30 Jan 2025 22:26:33 GMT

I found a fair amount of cash. I turned it in to the police and later claimed it. Where and how do I report this on my federal income in Turbotax? I think it goes under MISC income but how do I enter it? I received no forms from the police other than the claim number (no 1099 or anything). There are no headings for found money to enter it.

Thank you for any help.

Re: Found cash

RobertB4444 — Fri, 31 Jan 2025 17:23:53 GMT

Scroll down to the bottom of the 'Wages and Income' section of TurboTax. At the very bottom is the 'Less Common Income' section. At the very bottom of that section is the 'Miscellaneous Income' entry.

Click 'start' next to that and a new menu will pop up. Scroll down to the bottom of that and you will find 'Other Reportable Income'. Click on that and you can enter a description for the amount that you are entering (Found Money or something like that).

@Cebusguy

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Found cash

Re: Found cash