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Categorizing my 1099-NEC income- severance pay but I was never an employee
I received a severance payment from a company, and they sent me a 1099-NEC form. I've seen this question asked before, but my situation may have been a bit different.
I was laid off from the company between when I accepted the offer and my start date, so I was never an employee of the company.
How would I categorize my 1099 income? Is it still income that should've been on a W2, even though I was never an employee of the company? I feel like none of the options really fit
Self-employment income
Farm income
Hobby
Lawsuit settlement
Medicaid waiver payments that qualify as difficulty of care
Income that should've been reported on a W-2
Thank you!
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‎April 1, 2024
5:49 PM