I received a gift from the owner of my previous employment. I have not worked there in over 2 years but the owner gave me a sum of money as a gift due to him selling his business and retiring. I received the 1099-NEC from the business. I didn't do any work for them during 2023 so it isn't self employment income. How would I report this income? Is it just under other income or somewhere else? When selecting Other Common Income and then 1099-NEC none of the categories apply to this situation.
