1099MISC for Life Insurance premiums

[epearson73]

I received a 1099-MISC from my former employer (I'm retired) for life insurance premiums they continue to pay. How do I enter it in TurboTax so that it isn't treated as self-employment income. Thanks.

[JamesG1]

This is taxable income but not self-employment income.  Post the entry as follows:

• Down the left side of the screen, click Federal.
• Down the left side of the screen, click Wages & Income.
• Scroll down to Less Common Income and click on the dropdown menu.
• To the right of Miscellaneous Income, 1099-A, 1099-C, click the Start / Revisit button.
• To the right of Other reportable income, click the Start / Revisit button.
• At the screen Any Other Taxable Income, click Yes.
• At the screen Other Taxable Income, enter a description such as “life insurance” and an amount.
• Click Continue. 

The entry will be reported:

• on line 8z of Schedule 1 of the Federal 1040 tax return, and 
• on line 8 of the Federal 1040 tax return.