To enter your 1099-MISC, for your Lawsuit Settlement, follow the steps below:
- Sign in to your TurboTax account
- Type 1099-MISC in the search box
- Select Jump to 1099-MISC
- Select yes to enter a 1099-MISC or Add another 1099-MISC
- Enter the information and select Continue
- When you get to the Describe the Reason for this 1099-MISC, enter Lawsuit Settlement and select Continue
- When you get to the Does any of these uncommon situations apply? Select This was money from a lawsuit settlement and answer the question regarding back wages and select Continue.
Review the TurboTax article Are legal settlements taxable? for information on settlements.
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