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May 13, 2021
Question

How do I report a settlement if I never received a form?

  • May 13, 2021
  • 1 reply
  • 0 views
I received a settlement for a car accident

1 reply

May 16, 2021

You can simply report it under Other Income.  Here are the steps:

 

In TurboTax online,

  • Sign into your account, select Pick up where you left off
  • To the right upper corner, in the search box, type in "other reportable income" and Enter
  • Select Jump to other reportable income
  • Next screen, Other Wages Received, select No to continue
  • Next screen, scroll down all the way to the bottom, under Other reportable income, select Start
  • Next screen, Any Other Taxable Income? select Yes to continue