in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
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I have opened a Chase checking account on July 2018, and received a joining bonus of $200. No tax has been deducted so far (SSN was provided during account opening) and no interest credit for this amount by the bank. Thus, I have not received any 1099-INT. Do I need to show as an income? If Yes, under which head (federal or state) and category I can do the same while filling my tax returns?
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Yes, you have to report this income as Other Reportable income>
In TurboTax, open your return and follow these steps:
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