2492476
You'll need to sign in or create an account to connect with an expert.
Yes, you have to report it as income. To enter the 1099-MISC in TurboTax, type 1099-misc in the Search box, then click the link that says "Jump to 1099-misc." After you enter the 1099-MISC you will come to a screen that says "Does one of these uncommon situations apply?" Select "This was prize winnings."
Yes, you will report this income since it is taxable income. Please follow the steps below on how to report that income in TurboTax:
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
jmgretired
New Member
Servant714
Level 1
fahostert
New Member
fmachado1
Level 1
bzerf2921
New Member