I received a 1099 Misc for a monthly health insurance stipend provided to retirees from my previous employer. This is the first year I received a 1099, but I have been receiving the stipend for several years. If I check on the TT form that I received the stipend in previous years and plan to receive it in 2025, I then have to answer questions about being self-employed which does not apply. I did reply No to the other questions that don't apply (e.g. that this is not part of my main job, etc.) Is there a work around to this? Should I reply that I just received the stipend in 2024.
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The important question to answer is that you didn't engage in the activity for profit. This stipend is taxable but it is not self-employment income and not subject to self-employment tax.
Thanks for your response. However, when I check that I received the stipend in prior years and will also in 2025, the system goes on to ask questions about self-employment. Is there a work around?
Yes, go ahead and tell it that you only received it for 2024. You will continue to do that every year.
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