May 31, 2019 10:23 PM
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