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If they gave you money for example to open a checking account or have a friend open one, you are correct it is taxable income.
Click on “Take me to my return” button.
Click on Federal tab (left-hand side of screen).
Click in Wages and Income (near top of screen)
Scroll down to Less Common Income.
Click on Start next to Miscellaneous Income.
Click on Other reportable income.
Follow the questions and type in bank name and amount earned.
If they gave you money for example to open a checking account or have a friend open one, you are correct it is taxable income.
Click on “Take me to my return” button.
Click on Federal tab (left-hand side of screen).
Click in Wages and Income (near top of screen)
Scroll down to Less Common Income.
Click on Start next to Miscellaneous Income.
Click on Other reportable income.
Follow the questions and type in bank name and amount earned.
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