Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Jun 4, 2019 4:21:12 PM

How and where do I enter the relationship reward money I received from my credit union?

0 1 258
1 Best answer
Level 15
Jun 4, 2019 4:21:13 PM

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.


1 Replies
Level 15
Jun 4, 2019 4:21:13 PM

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.