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I received a 1099-MISC for $1,000 I rec'd in lieu of taking healthcare insurance from my employer. It is not for work compensation. Do I have to report it to the IRS?

 
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I received a 1099-MISC for $1,000 I rec'd in lieu of taking healthcare insurance from my employer. It is not for work compensation. Do I have to report it to the IRS?

Yes, it is still taxable income. To enter it do the following after logging into your return

  • Tax Home
  • Take Me to My return
  • Federal in the Black on the left
  • Click Wages and Income
  • Select see full list of Income
  • Show more next to Other Common Income
  • Start next to 1099 Misc
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply

I received a 1099-MISC for $1,000 I rec'd in lieu of taking healthcare insurance from my employer. It is not for work compensation. Do I have to report it to the IRS?

Yes, it is still taxable income. To enter it do the following after logging into your return

  • Tax Home
  • Take Me to My return
  • Federal in the Black on the left
  • Click Wages and Income
  • Select see full list of Income
  • Show more next to Other Common Income
  • Start next to 1099 Misc
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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