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Retirement tax questions
Thanks for making the "bug" report. Am I correct that miscellaneous income such as I am describing is better reported on 1099-MISC? I was never a contingent worker or independent contractor, which I understand is one of the reasons form NEC was reintroduced. The settlement was expressly not related to lost income or any notion of compensation for work performed, and while I understand your suggestion that "wages" might be implied, the facts under which I left my employment just don't support the concept. As an attorney myself I certainly have full documentation if I were audited, but if asking the prior employer to reissue a MISC form would minimize the potential for a "red flag" with the IRS, I am willing to try that approach. Please advise if you have further thoughts on this idea. Thanks.