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