I was awarded a settlement on a Data breech. I received 10-99Misc They with held a tax amount. Where do I enter the amount with held?
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Box 4 shows federal tax withheld. Box 16 shows state tax withheld. You can just enter the form as it is.
You enter the Form 1099-MISC as received, it should show the federal taxes withheld in box 4 of the form. Those taxes are entered by TurboTax on your Form 1040 Line 25b.
To enter a Form 1099-MISC that is not for self-employment -
Click on Federal (Personal using Home & Business)
Click on Wages & Income (Personal Income using Home & Business)
Scroll down to Other Common Income
On Form 1099-MISC, click the start or update button
On the screen Did you get a 1099-MISC?, click on Yes
On the screen Let's get the info from your 1099-MISC, enter the Form 1099-MISV and continue
On the screen Describe the reason for this 1099-MISC, enter a reason and Continue
On the screen Does one of these uncommon situations apply? - Select None of these apply and continue
On the screen Did the (reason) involve work that's like (your name) main job - Select No and continue
On the screen How often did (your name) get income for (reason) - Select 2025 and continue
On the screen Did the (reason) involve an intent to earn money? - Select No and continue
The amount entered from the Form 1099-MISC will be entered on Schedule 1 Line 8z
The total from Schedule 1 Part I Line 10 flows to Form 1040 Line 8
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