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edpled00
New Member

Where do I enter "Deferred income payment"?

 
3 Replies
RobertG
Expert Alumni

Where do I enter "Deferred income payment"?

That depends on the deferred date.

 

If the deferred date is 2019 you should receive a 1099 for 2019 and report it.

 

If the deferred date is 2020 then you will receive a 1099 for 2020.

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dornstein22
Level 2

Where do I enter "Deferred income payment"?

Where would this be reported in Turbo Tax, when it appears on a consolidated 1099 from a brokerage house "Other Receipts and reconciliations - Deferred income Payment"

DMarkM1
Expert Alumni

Where do I enter "Deferred income payment"?

This appears to be "Other reportable income" since it is not reported to the IRS on any tax form.  

 

1.  Click Income & Expenses at the top of the page

2.  Scroll down to "Less Common Income"

3.  Show More

4.  Scroll down to "Miscellaneous Income"

5.  Start/Revisit

6.  Scroll down to "Other Reportable Income"

7.  Here is where you can enter the description and amount

 

 

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