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New Member
posted Feb 17, 2022 6:25:26 PM

I won 2 dell computers and one Ipad from Cable Comp. They sent me a 1099-MISC. Do I claim this as income?

Other Income box shows $2000 no other boxs checked

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2 Replies
Level 15
Feb 17, 2022 6:37:58 PM

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."

 

Expert Alumni
Feb 17, 2022 6:44:50 PM

Yes, you will report this income since it is taxable income. Please follow the steps below on how to report that income in TurboTax:

 

  1. Click on Tax Home on the Left Side Menu.
  2. Click on Income & Expenses on the main screen and select Work on Other Income.
  3. Scroll down till you see the section "Other Common Income". There should be an option for Form 1099-Misc. Press Start next to it and enter the information accordingly.