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Report it as other income.
In TurboTax Online:
- From the left menu, go to Federal
- Go to Wages & Income
- Add more income by scrolling down to the last option, Less Common Income, and Show more
- Scroll down to Miscellaneous Income, 1099-A, 1099-C and click Start
- Select Other reportable income and click Start
- Enter the description and amount and Continue
In TurboTax CD/Download:
- Select Personal tab.
- Select Personal Income and I'll choose what I work on.
- Scroll down to Less Common Income.
- Select Miscellaneous Income, 1099-A, 1099-C and click Start.
- Scroll down to Other Reportable Income and select Start and Yes.
- On the screen Other Taxable Income, enter a description and the amount and Continue.
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