Have received a 1099-misc for severance pay from TRU Financial Assistance Fund. Income is listed in Box 3 as "other income" and a W2 was not received for 2019. When entering the 1099-misc information in Turbo Tax Deluxe 2019, a Schedule C is being generated. There is no business, nor contracting done. This is very simply severance pay from a company that went out of business. Have not worked for this company (Toys R Us) in 2019, only severance pay was received from the above mentioned account. How can I correctly claim this income?
