The local phone company sent everyone a check for retiring the capitol credits for several years. where/how do I enter this on my return?

[MinhT · Accepted solution]

You need to report this income as Other Reportable Income.

In TurboTax, open your return and follow these steps:

• Click on Federal in the left-hand column, then on Wages and Income on top of the screen
• Scroll down to All Income, locate the Less Common Income section
• Click Show more and click Start next to Miscellaneous Income at the bottom and click Show More
• On the next page, click Start next to Other Reportable Income (see attached screenshot).