My previous employer had setup a separate, employee owned company years ago and issued stock to most of the employees (at no cost to us). This separate company never went anywhere and was closed in 2022. I received a payment for the stock I owned and also received a 1099-NEC for it.
Is this one of those cases where that should have been reported as a W2 instead? I did not receive a W2 from this separate company.
Additionally, I'm confused if that makes me an employee of that secondary company or not. I would think so, since the idea was that it was to be an employee owned company and I received stock. In that case, TurboTax is asking me to fill out Form SS-8 since I didn't get a W2 from that company. Does that all sound right?
