My father died before receiving all of his deferred compensation. I am the beneficiary of it, and received my first payment in 2018. No taxes were withheld -- the employer said FICA taxes did not apply since his death was the prior year.
I received a 1099-MISC. When I enter it into TurobTax, it treats it as business income and says self-employment tax is due. Is this correct? I thought only income taxes needed to be paid on it.
