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1099-nec, retirement, and health insurance premiums
My company agreed to pay my health insurance premiums after I retired. However, I recently received a 1099-NEC from my company for the amount paid for the premiums in 2020 I suppose I could deduct the premiums as a medical deduction; however, it was my understanding that health insurance premiums paid by my past employer after I retired are not taxable income. If it is not taxable income, do I simply ignore the amount on the 1099-NEC? Moreover, if it is taxable income, I question if a 1099-NEC should have been issued, instead of a 10999-MISC.
‎January 11, 2021
5:47 AM