RETIRED AND RECEIVING A 1099-MISC

Chum1 — Wed, 24 Mar 2021 23:56:32 GMT

I am retired and received a W2 with the employer-paid cost for health insurance for myself and my domestic partner as non-taxable income under box 12a, code DD. I also received a 1099-MISC showing the employer paid cost for only my partner's coverage (1/2 of the amount on the W2) under box 6 (Medical & Health Care Payments). Is this correct? Do I need to file a Schedule C as Self-Employed because of this coverage? Why wouldn't the taxable portion (my partner's) be included on the W2 as taxable rather than the 1099-MISC? Can this be reported under "Other Income" to avoid getting hit with the Self-Employment tax?

Re: RETIRED AND RECEIVING A 1099-MISC

MaryK4 — Thu, 25 Mar 2021 00:28:12 GMT

The imputed income should have been reported on your W2, not a 1099-MISC. Box 6 is for payments to physician or other supplier or provider of medical or health care services and this is not correct either. You should contact the employer and ask for a corrected W2. It would be subject to FICA, but not SE tax so the employer should have paid one half.

If you do not receive a corrected W2, see How do I file a substitute W-2 using Form 4852?

topic RETIRED AND RECEIVING A 1099-MISC in Retirement tax questions

RETIRED AND RECEIVING A 1099-MISC

Re: RETIRED AND RECEIVING A 1099-MISC