Received a 1099Misc. and box 7 is checked. The income is for renewal commissions (trail commissions) that I have been receiving for over 30 years that's when I retired. I am now 95+ years old living in a senior independent living facility and haven't worked or sold insurance for over 30 years. I do not have expenses why would I need a Schedule C and would this be reported as income therefore could possibly be subject to self-employment taxes, social security etc.? What is the best way to handle this to avoid problems?
