This income must be reported as Other Reportable Income.
In TurboTax Online, open your return and follow these steps:
- Click on Federal in the left-hand column, then on Wages and Income
- Navigate to the list of Income categories
- Locate the Less Common Income section and click on the arrow on the right
- Click Start next to Miscellaneous Income at the bottom
- On the next page, click Start next to Other Reportable Income
- Describe it as Earnest money on real estate contract
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