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March 13, 2024
Question

Reporting non cash prize from a radio station

  • March 13, 2024
  • 1 reply
  • 0 views

Do I have to report a pair of tickets I won on the radio station valued at 130.00 (for both)?  If so what form do I use?

 

Thank you!

1 reply

March 14, 2024

Yes, you need to report this income.

 

Because it was less than $600, the radio station was not required to send you a 1099-MISC (although they could have).

 

In TurboTax, go to Wages & Income->Less Common Income->Prizes, Awards, and Gambling winnings and click Start. Enter the interview, read the questions carefully, and you will be able to enter the prize winnings without the need for a form.

 

Note: the navigation above came from the desktop product - the wording on the Online product may vary.

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