What is the name of your state? California
I do my taxes using Turbotax and use the standard (least expensive option which costs me $38).
This year, I got a settlement check from a settlement administrator.
The settlement check was for 44 cents!
I never even bothered to cash the check!
I must fill out a 1099-MISC in Turbotax to report this to the IRS and Turbotax is telling me I cannot use the standard Turbotax option, but must upgrade to the Deluxe version for $98.
This is insane.
Any suggestions?
What would happen if I reported it as a W-2 instead of a 1099-MISC?
Thanks
I do my taxes using Turbotax and use the standard (least expensive option which costs me $38).
This year, I got a settlement check from a settlement administrator.
The settlement check was for 44 cents!
I never even bothered to cash the check!
I must fill out a 1099-MISC in Turbotax to report this to the IRS and Turbotax is telling me I cannot use the standard Turbotax option, but must upgrade to the Deluxe version for $98.
This is insane.
Any suggestions?
What would happen if I reported it as a W-2 instead of a 1099-MISC?
Thanks