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Should I report severance pay for a rescinded job offer using the 1099-NEC form I was provided, or file a replacement W2?
I had a job offer at a company, but then they rescinded the offer a week before I started (so I never actually worked there). Since the offer was rescinded, they payed me the equivalent of a month's salary as severance pay. They provided a 1099-NEC form to me to report this severance pay (presumably because I was never actually employed there), but the questions TurboTax is asking don't make sense for the situation (like asking me to describe what my self-employed business is). Should I file a replacement W2 instead?
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March 11, 2023
8:18 AM