topic 1099 misc income in Retirement tax questions

1099 misc income

setac21638 — Sat, 04 Apr 2020 17:27:23 GMT

why do I have to complete a sched c form?

Re: 1099 misc income

VolvoGirl — Sat, 04 Apr 2020 17:32:07 GMT

A 1099Misc is usually for self employment income. Self employment goes on Schedule C. Why did you get the 1099Misc?

Re: 1099 misc income

setac21638 — Sat, 04 Apr 2020 17:35:20 GMT

it was a company (IBM) benefit of a small reimbursement of long term care insurance preminms that is being discontinued beginning January 1,2020

Re: 1099 misc income

setac21638 — Sat, 04 Apr 2020 18:03:57 GMT

The 1099 misc was a reimbursement that IBM gives to their retirees, if they are participating in a Long Term Care program through the John Hancock Insurance company. This benefit reimburses a percentage of the annual premiums that were paid during the year. Each year that I have received the benefit in the past, I have had problems with Turbo Tax trying to force me to complete the Schedule C form. I do not and have never owned my own business. How can this item be entered on my income tax return???

Re: 1099 misc income

setac21638 — Sat, 04 Apr 2020 18:59:02 GMT

The 1099 MISC was a reimbursement benefit that IBM give to their employees and retirees that are participating in a Long Term care program, through the John Hancock insurance company. This benefit reimburses a percentage of the annual premiums that were paid during the year. Each year that I have received this reimbursement, I have had problems with TurboTax trying to force me to complete the Schedule C form. I do not now or have I ever owned a business. How can this item be entered on my income tax return??

Re: 1099 misc income

setac21638 — Tue, 07 Apr 2020 14:53:20 GMT

Turbo tax did not give me a choice of not going to the Schedule C form. I am retired and the 1099MISC was for a premium reimbursement from an insurance company.