I got a 1099-NEC for a payout from a "phantom stock plan" from a company I worked for decades ago. None of the TurboTax 1099-NEC options are remotely correct.

[elmo_fudge]

I don't understand the implications of the choices, so I don't know how to enter this.

[tagteam]

Check back later. I'll page Champ @Mike9241.

[Mike9241]

it's deferred compensation taxed as ordinary income and subject to Social Security and Medicare taxes. the only way to handle this in Turbotax is to link to schedule C

for sic code use 999000

for name use phantom stock proceeds

anser other questions on schedule C as needed