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Level 1
posted Jan 30, 2020 8:10:54 AM

1099-Misc form Question -

I am a retired insurance property adjuster. I worked for a company after I retired that does house inspections for Allstate Insurance (not my prior employer).  I have a question that asks if this job involves work similar to my main job.  It would of I was still working as an adjuster - but I am retired - so I would think the correct answer is - No-it does not involve work similar to my main job.  

 

Is this correct?

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1 Best answer
Expert Alumni
Jan 30, 2020 8:36:54 AM

No.  If the 1099-MISC involved compensation for "working" (including providing goods, personal services, consulting, etc.) then say yes.

 

The question is trying to figure out if the income is "unearned" (like a contest prize, a student stipend) or "earned" from "work."

1 Replies
Expert Alumni
Jan 30, 2020 8:36:54 AM

No.  If the 1099-MISC involved compensation for "working" (including providing goods, personal services, consulting, etc.) then say yes.

 

The question is trying to figure out if the income is "unearned" (like a contest prize, a student stipend) or "earned" from "work."