@mc013 wrote:
Good Morning - I received a 1099-NEC from my former employer as a severance payment. It was not included on my final W2 and I don't have a business to report or enter so how should I enter on my taxes. Thank you
All employee compensation should be reported on a W-2, and the employer is supposed to pay their half of social security and medicare tax. You are responsible for your share of social security (6.2%) and medicare (1.45%) as well as income tax, of course. Follow the procedure below to report the income as wages that should have been included on your W-2.
This information is entered in a different area of the program then regular W2s. It is found under Federal (or Personal) Taxes -> Wages and Income -> Less Common Income -> Misc Income -> Other Income Not Already Reported on A Form W2 or Form 1099
The quickest way to get there is to use the search feature in the top right hand corner (magnifying glass icon).
- Search for "8919" and then click the jump to "8919" link (if you are just logging into your account, make sure you click the Take Me to My Return button before performing the search).
- You will get sent to the Other Wages Received Page
- You will click Yes and proceed until you get to Any Other Earned Income
- Click Yes to this question because you have other income that should be on a W2
- Leave check next to employee compensation that was not reported on a W2
- Next screen will be Employee Compensation that was not reported on a W2
- This screen will explain Form 8919 and SS-8. You will select reason code H for form 8919, and you do not need a form SS-8 in your situation.
- When the program asks for "total compensation" from this employer, only enter the compensation not already included on a W-2. (Turbotax is a bit confusing on this point.)
