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Even though you're retired, this Form 1099-MISC income is treated as self-employment income, which is reported on Schedule C and is subject to self-employment tax.
The IRS provides that
"Amounts received by current or former self-employed insurance agents and salespersons that are:
must be included in net earnings from self-employment.
However, certain termination payments received by former insurance salespersons aren’t included in net earnings from self-employment.
Please see "Other Income and Losses Included in Net Earnings From Self-Employment" in the IRS's Instructions for Schedule SE for more information.
[Edited 3|17|2020 10:31 am]
Even though you're retired, this Form 1099-MISC income is treated as self-employment income, which is reported on Schedule C and is subject to self-employment tax.
The IRS provides that
"Amounts received by current or former self-employed insurance agents and salespersons that are:
must be included in net earnings from self-employment.
However, certain termination payments received by former insurance salespersons aren’t included in net earnings from self-employment.
Please see "Other Income and Losses Included in Net Earnings From Self-Employment" in the IRS's Instructions for Schedule SE for more information.
[Edited 3|17|2020 10:31 am]
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