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Get your taxes done using TurboTax
The 1099-MISC should only report the settlement portion of the payout. The W-2 should report the wages (back or otherwise) and appropriate tax withholdings taken. You will need to review your settlement agreement to ensure the forms are reported correctly. If you find the 1099-MISC reports more than it should, you need to contact the issuer (payer) and request a corrected form.
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‎February 1, 2023
12:23 PM