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1099-Misc Retirement Benefits
I have been retired for 4 years and will be receiving a 1099-Misc for my previous employer paid portion of my domestic partner's medical insurance benefit premiums. Last year it was $12228 for their portion of the premiums. A portion is also deducted from my pension check monthly. The $12228 is shown in box 6. This causes me to complete a Sch C. This is not my business but a retirement benefit that I have optioned. How should I show this on my return? Should I show it as "Other Income" with the appropriate explanation and ignore Sch C? The end result will not be any different. I will still pay taxes on that dollar amount for 2021. Please advise.
‎January 29, 2022
4:00 PM