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Get your taxes done using TurboTax
My employer agrees to continue health insurance at no cost upon retirement, for the duration of the retiring employee's unused sick leave. Generally, the employees have to pay 10% of the cost of insurance but retiring employees electing this extension of insurance benefits are not required to pay the 10%. As a result, I received a 1099-NEC for the imputed income, my 10% of the cost of insurance for 9 months of 2023. TT treats this as business income and wants me to start a Schedule C. The former employer insists the 1099-NEC is the proper reporting form. I clearly am not a business. How do I resolve this in TT?
‎February 8, 2024
9:11 AM