I received amount of money due to a legal settlements that are taxable and they sent me a 2020 form 1099-MISC under (Other Common Income) I filled the 1099-MISC but when I am done it shows in the (Summary) at the end that it Needs review, Untitled, and the Amount is 0. But I entered everything correctly as it is written on the 1099-MISC that I received by mail.
Any advice why it is not showing the correct information?
Thank you
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I recommend reviewing your input to ensure you answered all of the questions.
You will review this information the federal section of the program.
How tax settlements are taxed or not taxed is dependent upon the type of settlement received. Please see the following links to help guide you based upon your specific set of circumstances.
Tax treatment for legal settlements
I recommend reviewing your input to ensure you answered all of the questions.
You will review this information the federal section of the program.
How tax settlements are taxed or not taxed is dependent upon the type of settlement received. Please see the following links to help guide you based upon your specific set of circumstances.
Tax treatment for legal settlements
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