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I'm trying to enter misc. income for a class action law suit but I did not receive any forms so I don't have the payer's name or EIN. What should I do?
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I'm trying to enter misc. income for a class action law suit but I did not receive any forms so I don't have the payer's name or EIN. What should I do?
Class action lawsuit proceeds belong in “Other Income”, Line 21 of your Form 1040. Please follow the instructions below.
- Open (continue) your return in TurboTax if you don't already have it open
- In the Search box (upper right of program), enter keywords "other reportable income" and click "Jump to"
- At Other Wages Received page, answer No and click Continue
- At Miscellaneous Income page, scroll down to bottom and select Other reportable income
- At Any Other Taxable Income page, click Yes
- At Other Taxable Income page, enter the Description of your income and the Amount