My son received a 1099-Misc. Box 14 was checked. This was from a settlement from a summer job employer for reimbursement of medical bills for getting hurt on the job. It was over just $2,000.00. How much of this is consisted taxable income when it is a reimbursement for medical bills from the prior year? And why is it being considered a Business income? He is not self-employed.
Also, is there an amount of a 1099-MISC you don't have to report? My daughter-in-law received one for $3.25.
