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New Member
posted Apr 11, 2025 12:40:42 PM

If I received a gift on a 1099-MISC, is that taxable?

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1 Replies
Expert Alumni
Apr 11, 2025 12:50:46 PM

Yes. You enter it as Other Reportable Income under the Miscellaneous Income section.

 

Follow these steps: 

 

  1. Click on Federal Taxes;
  2. Go to Wages and Income; 
  3. Go to Other Common Income;
  4. Select 1099-Misc