https://ttlc.intuit.com/community/taxes/discussion/disability-insurance-settlement-question/01/2636920#M944847 <P>I received a disability insurance settlement in 2021 for which I received a 1099-Misc.&nbsp; I know this income is taxable, but when I get to the question "Did the insurance settlement involve an intent to earn money?", I am don't know what the correct answer is.</P> Mon, 09 Mar 2026 06:34:51 GMT tonyche 2026-03-09T06:34:51Z https://ttlc.intuit.com/community/taxes/discussion/disability-insurance-settlement-question/01/2636920#M944847 <P>I received a disability insurance settlement in 2021 for which I received a 1099-Misc.&nbsp; I know this income is taxable, but when I get to the question "Did the insurance settlement involve an intent to earn money?", I am don't know what the correct answer is.</P> Mon, 09 Mar 2026 06:34:51 GMT https://ttlc.intuit.com/community/taxes/discussion/disability-insurance-settlement-question/01/2636920#M944847 tonyche 2026-03-09T06:34:51Z https://ttlc.intuit.com/community/taxes/discussion/re-disability-insurance-settlement-question/01/2636990#M944865 <P><SPAN style="background-color:transparent;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:14px;">Answer&nbsp;<I>No.</I></SPAN></P> <P><SPAN style="background-color:transparent;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:14px;">When you receive a Form 1099-MISC, the IRS needs to know if there was a profit motive behind the income</SPAN></P> <P><SPAN style="background-color:transparent;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:14px;">Answering&nbsp;<I>Yes</I> would suggest that this is self-employment type income, which would subject you to self-employment tax, and that shouldn’t be triggered with disability income.</SPAN></P> Thu, 31 Mar 2022 15:07:54 GMT https://ttlc.intuit.com/community/taxes/discussion/re-disability-insurance-settlement-question/01/2636990#M944865 JohnW152 2022-03-31T15:07:54Z