My wife and I are retired; 2019 returns are our first while in retirement. We file jointly. In addition to a pension, my wife receives "payment in lieu of medical coverage" from her former employer. This is a quarterly payment to her that is equal to the cost of a medical insurance plan she's not eligible to receive because we no longer live in the same state as her former employer. These payments were reported on a 1099-MISC and no Federal income taxes were withheld.
When I enter the 1099-MISC data as part of Easy Step, it's treated as if it's business income. Is this correct? If not, how do I correctly enter this income?
