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Level 2
February 7, 2023
Question

Miscellaneous Income

  • February 7, 2023
  • 3 replies
  • 8 views

I am retired.  My previous employer pays me $6,000 annually to help cover the expense of Medicare Part B.  How do I enter the $6,000 into TurboTax?

    3 replies

    DoninGA
    Level 15
    Level 15
    February 7, 2023

    Does the employer pay you directly the $6,000 each year or is this an HRA (Health Reimbursement Arrangement) where you are reimbursed for medical expenses that you have already paid?

    If this is an HRA then it is tax-free and is not reported on a tax return.

    WHB713Author
    Level 2
    February 7, 2023

    I am paid directly ($500 monthly).  Medicare Part B is automatically deducted from my monthly Social Security check.  I have no other medical expenses.

    JohnB5677
    Level 15
    February 7, 2023

    Your employer should have issued a W-2, 1099-NEC, or a 1099-MISC.  Contact him first to see if he has issued any of them.

     

    If he has not it can be posted to Other reportable income

    Start at Federal

    1. Wages & Income.
    2. Scroll to Less Common Income.
    3. From the drop-down select Miscellaneous Income [Select / Revisit].
    4. Choose Other income not already reported on Form W-2 0r Form 1099.
    5. Follow the Interview.
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    WHB713Author
    Level 2
    February 7, 2023

    My previous employer sent me a Form 21099-MISC.  My problem is TurboTax thinks I have a job--I do not.