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Get your taxes done using TurboTax
This was from a settlement, PTSD damages paid from an old employer. I know it is not black and white regarding whether PTSD is considered physical injury or not. Let's just say this is non-taxable.
I originally thought this would have been reported on a 1099-Misc, but the instructions on that form make it seem to say that Box 3 other income is used to report taxable damages. I think that is why they may have reported on the 1099-NEC instead? I'd hate to have an automated notice for SE tax. Any thoughts on how else to avoid that?
‎September 28, 2021
12:42 PM