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mtnnut
New Member

I have small amount of compensation from a class action settlement with TransUnion (less than 100.00). Check received but no 1099. How do I claim on TT?

How do I claim a small amount of compensation from a class action settlement where no 1099 was received? Compensation was less than 75.00.
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1 Reply
AnnetteB6
Employee Tax Expert

I have small amount of compensation from a class action settlement with TransUnion (less than 100.00). Check received but no 1099. How do I claim on TT?

Use the steps below to report the income from the class action settlements.

 

  • Go to the Income section of your return
  • Scroll to the Less Common Income category
  • Click Start or Update beside Miscellaneous Income, 1099-A, 1099-C
  • Scroll to the bottom of that section and click Start or Update beside Other reportable income
  • Answer Yes
  • Enter your description and amount for the income you received

 

The end result is an income entries shown on Schedule 1 line 8z.

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