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Get your taxes done using TurboTax
I checked the 1099-MISC again. Payer is the law firm, recipient is me. This is just like the 1099-INT I got from my bank. I assume that GM sent one to the law firm and given payer/recipient, they just passed it on to me. I of course did not see it. We are back where we started. I finished the taxes input for both state and federal and the result is that I owe twice as much as I got in refunds last and previous years. I'm not concerned at this point because the analysis code flagged the 1099-MISC as an error. I had also entered a Schedule 1 "Misc Other Income" with $5K, the amount we received in the settlement which I will remove on the next iteration. This is still not resolved.
March 11, 2024
9:08 AM