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1099-misc

How do I enter a 1099-misc for an employer settlement distribution? Will it ask questions about this 1099-misc?

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1 Reply
MaxA1
Employee Tax Expert

1099-misc

Here's a helpful link that gives you step-by-step instructions on how to enter a 1099-MISC in TurboTax; Where do I enter a 1099-MISC?

 

Additionally, here's another link that talks about tax implications on settlements; Tax implications of settlements and judgments.  If you received a 1099-Misc for a settlement, it's likely that the pay-out is considered taxable, but it's always good to double-check in case the issuer of the 1099 made a mistake.

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