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February 2, 2023
Question

How to report escrow income?how to report income received as a result of cancelling a sell

  • February 2, 2023
  • 1 reply
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1 reply

February 2, 2023

You can report it as Other reportable income.

 

In TurboTax, open your return and follow these steps:

 

  1. Click on Federal in the left-hand column, then on Wages and Income
  2. Continue and locate the Less Common Income section
  3. Click Show more and click Start next to Miscellaneous Income at the bottom
  4. On the next page, click Start next to Other Reportable Income.
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