No, you will not include this as W2 income. You should start the form entry anew by first deleting it. Make sure you have deleted it from the "Self-employment" topic and the "Other Common Income" topic. You can also use the "Delete a form" function in desktop versions in the forms mode or in online versions using these steps.
1. Select "Tax Tools" in the left hand menu
2. Select "Tools"
3. Select "Delete a Form"
4. Find the 1099-NEC
5. "Delete"
6. "Confirm Deletion"
- After that Revisit the "Other Common Income" topic and use the "1099-NEC" topic.
- Answer "Yes" and "Add a 1099-NEC"
- Fill in the ID information and box 1 amount
- Continue
- Describe as "Severance Pay"
- Select the category "This is not money earned as an employee or self-employed individual, it is from a sporadic activity or hobby (this is not common)."
- Continue and Done
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