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

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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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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