Reporting Raffle Win

[mn301]

Hi,

   
   For the starters, I got a raffle win amount as a digital prepaid Visa card. How do I enter this in TurboTax? I don't think I got any tax form for that and no taxes were taken out of it.

    Thanks in advance and regards

[JulieS]

Yes, you can report that as Miscellaneous taxable income. Here's how to do that:

1. Sign in to your TurboTax account.
2. Select Edit under Wages & Income. 
3. Scroll down to Less Common Income at the bottom. Expand the section by selecting the down arrow. 
4. Select Start or Revisit to the right of Miscellaneous Income, 1099-A, 1099-C.
5. Select Start or Revisit to the right of Other reportable income.
6. Enter "Raffle prize" as the description and the dollar amount. 
7. Select Continue, then Done.