https://ttlc.intuit.com/community/taxes/discussion/1099-misc/01/1135890#M416504 <P>I received a 1099-Misc representing a decedent's accrued vacation and last pay check that was paid into a checking account for which I was the TOD beneficiary.&nbsp; The gross payment was $4,000, but FICA taxes of $306 was properly withheld so only the net amount of $3,694 was actually deposited into my account.</P><P>&nbsp;</P><P>Here's the question:&nbsp; the 1099 reported $3,694 in Box 3.&nbsp; I think the proper amount to be shown was $4,000.&nbsp; Obviously owe less tax this way, but is it right?</P> Tue, 11 Feb 2020 20:41:20 GMT uwm1855 2020-02-11T20:41:20Z https://ttlc.intuit.com/community/taxes/discussion/1099-misc/01/1135890#M416504 <P>I received a 1099-Misc representing a decedent's accrued vacation and last pay check that was paid into a checking account for which I was the TOD beneficiary.&nbsp; The gross payment was $4,000, but FICA taxes of $306 was properly withheld so only the net amount of $3,694 was actually deposited into my account.</P><P>&nbsp;</P><P>Here's the question:&nbsp; the 1099 reported $3,694 in Box 3.&nbsp; I think the proper amount to be shown was $4,000.&nbsp; Obviously owe less tax this way, but is it right?</P> Tue, 11 Feb 2020 20:41:20 GMT https://ttlc.intuit.com/community/taxes/discussion/1099-misc/01/1135890#M416504 uwm1855 2020-02-11T20:41:20Z https://ttlc.intuit.com/community/taxes/discussion/re-1099-misc/01/1136070#M416562 <P>Yes, it is right. You only received $3,694, so they can't give you a 1099-MISC showing a higher amount.</P> <P>&nbsp;</P> <P>Because it is in box 3, other income, it will be taxable income, but not subject to self-employment tax..</P> Tue, 11 Feb 2020 21:02:15 GMT https://ttlc.intuit.com/community/taxes/discussion/re-1099-misc/01/1136070#M416562 JulieS 2020-02-11T21:02:15Z