1099-MISC

[rstielper]

I used to receive healthcare insurance thru my wife's work. When she retired, they no longer provided the health insurance, but instead started sending me a monthly stipend check so I could purchase my own health insurance. At the end of the year, they sent a 1099-Misc with the total of the checks for the year. Is this correct method of reporting this money?

[Anonymous]

yes  this would be comnsidered compensation and is subject to self-employment taxes as well as income taxes.