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ki3322
New Member

1099-Misc class member settlement check

I received a settlement check in the mail for $4.82 from a class action lawsuit. I did not receive a 1099-Misc form, but am under the impression that this money should be reported as taxable income. I am stuck in filling out the required fields for 1099-Misc on TurboTax as the format for the payer's federal ID number does not match either option from which to select. How do I proceed? 

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1 Reply
KeshaH
Expert Alumni

1099-Misc class member settlement check

Since you didn't get a 1099-MISC, you would need to enter the income in TurboTax without the 1099-MISC.

 

On the Wages & Income screen scroll down to Less common income and then click Start next to Miscellaneous Income. Then scroll down to Other reportable income and click Start.


Click Yes and then enter the description and amount on the next screen.

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