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Level 2
February 21, 2022
Question

How to enter lemon lawsuit settlement

  • February 21, 2022
  • 1 reply
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Has 1099 Misc for lemon lawsuit settlement.  Know how to enter in TurboTax but not Proconnect
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1 reply

BirminghamBert
Level 4
February 21, 2022

Go to Income, then go to SS benefits, Alimony, Misc income. Scroll down to Other income (click button to expand).

I usually just put "Class action proceeds" and then amount.

Hope this helps.

onismishAuthor
Level 2
February 22, 2022

Thanks so much.  But, how do you enter expenses against the 1099?  Total received in 1099nwas $125,000 but that is not the fmv of the car.