How do I enter a settlement from a class action lawsuit

[IreneS]

Legal settlements are reported as "Other Taxable Income."

You may or may not receive a 1099-MISC reporting the income. Regardless, this is how you should enter it in TurboTax:

1. Click on Federal Taxes > Wages & Income  [In TT Self-Employed:  Personal > Personal Income].
2. Scroll down to the Other Common Income section and click on the Start/Update box next to Income from Form 1099-Misc. [See Screenshot #1, below.]
   
3. If you previously entered a 1099-Misc. in your return, you will be brought to the 1099-Misc Summary page.  Click on the Add Another 1099-Misc. box to add a new form [or Edit to change an existing form].  [Screenshot #2]
4. If you haven't already entered a 1099-Misc, answer Yes to the question Did you get a 1099-MISC? (even if you didn't get one).
5. On the Let's get the info from your 1099-MISC screen, complete the top part and then enter the award amount in Box 3 Other Income. [Screenshot #3]
   
6. Fill out any other boxes from your paper 1099-MISC (if you have one), then click Continue.
7. Enter a reason for the 1099-Misc. [Screenshot #4]
   
8. On the screen, Does one of these uncommon situations apply? select This was money from a lawsuit settlement  and then answer the back wages question before clicking Continue.  [Screenshot #5]
   

[MorningSleeper]

For the payers name do I put the lawfirm that represented the class and mailed the check or the company the suit was against and settled/paid?

[IreneS]

Put the payer's name that appears on the 1099-MISC so that the IRS can match it up with their copy.

[MorningSleeper]

I did not get any 1099-MISC

[IreneS]

Then enter the name of the company who was the subject of the lawsuit.

[MorningSleeper]

Ok thanks.

[hyde6062]

No 1099-MISC received. Did the steps above but keeps asking for EIN number. what now?

[rahughey1]

I received a W2 for 2018, problem is with city of Lansing MI taxes, the company is a Lansing based employer, but I did not work in Lansing in 2018, I am a retiree

[MorningSleeper]

Most class action lawsuit settlements do not send a 1099-MISC, if you did not receive one and follow this answer, it will show a red exclamation point error, asking for EIN or SSN which one is not going to have if they don't send a 1099-MISC.

To resolve, follow instructions in following answer.

https://ttlc.intuit.com/questions/4324380-i-recieved-a-class-action-lawsuit-settlement-from-fedex-co...

Basically type in lawsuit settlement in search box, then Jump to lawsuit settlement link in box that pops up and fill in the info. The info entered carries over to your schedule 1 line 21 and then 1040 line 6 just like this method but no errors.

[Stufflikethat]

I had problems with turbo tax misdirecting my payment i paid over $100 and it was to be free. I told family members and called turbo tax and they blamed it on me. I do i entet tbe class action lawsuit?

[Madesi101]

How do I meet the settlement.

[xmasbaby0]

@Madesi101 

"How do I meet the settlement?"

What settlement are you referring to?  You have posted to a thread full of other people's old questions and replies.  Did you receive a settlement of some kind?

[kelly1951]

what section does the golden state stimulus II go in? Also, where does a class action suit payment go in turbo tax  California resident

[VolvoGirl]

Do you mean the CA Middle Class Tax Refund on a 1099MISC?  The IRS has ruled the California Middle Class Tax Refund is NOT taxable. So you don't have to enter it at all
https://www.irs.gov/newsroom/irs-issues-guidance-on-state-tax-payments-to-help-taxpayers