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Wayne Brasch
Wayne Brasch, Accountant and Business Consultant
Category: Tax
Satisfied Customers: 1298
Experience:  Master of Science in Taxation. Tax experience since 1963.
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Is reward money taxable

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Submitted: 8 years ago.
Category: Tax
Expert:  Wayne Brasch replied 8 years ago.
Reward money is taxable income on the line near the bottom of page one, Form 1040. That would go on the line that says Other Income. Describe on the dotted line to the right of that line that this income is from a reward.