1099 misc income

Forum|Forum|6 years ago
April 4, 2020
5 replies
16 views

why do I have to complete a sched c form?

VolvoGirl

Level 15

A 1099Misc is usually for self employment income. Self employment goes on Schedule C. Why did you get the 1099Misc?

setac21638Author

Level 2

it was a company (IBM) benefit of a small reimbursement of long term care insurance preminms that is being discontinued beginning January 1,2020

setac21638Author

Level 2

The 1099 misc was a reimbursement that IBM gives to their retirees, if they are participating in a Long Term Care program through the John Hancock Insurance company. This benefit reimburses a percentage of the annual premiums that were paid during the year. Each year that I have received the benefit in the past, I have had problems with Turbo Tax trying to force me to complete the Schedule C form. I do not and have never owned my own business. How can this item be entered on my income tax return???