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I have received 1099-misc from insurance company for critical illness insurance payout. Does that mean the payout is taxable?
Insurance premium was paid by my employer. I asked the insurance company and they said in general the payout is not taxable. But in your case, you received 1099-misc,you need ask tax professional to make sure. So what decides the payout is taxable or not? Is it because my employer paid it pre-tax? What I should ask my employer about this?
Please help.
Sean
Please help.
Sean
Topics:
May 31, 2019
5:31 PM