2632841
My wife used to work at a large national law firm and left 5 years ago. She received a small (under $500) check for a "client origination bonus" this year [I believe a small percent of what that client generated this year], but did not receive a 1099-Misc form. Turbo-Tax wants me to file a SS-8 form. She didn't perform services this year (and hasn't for 5 years). The questions on the SS8 form do not seem to fit this situation, as that form seems to be geared towards determining if someone is an employee and/or employers who are not reporting employees.
Is this correct?
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Do not file a Form SS8. Payments under $600 do not require a Form 1099, I suggest you report it as "Other Income".
The amount will be reported on line 8 of Schedule 1 (Form 1040).
You could also report is as Self-Employment Income on Schedule C.
Do not file a Form SS8. Payments under $600 do not require a Form 1099, I suggest you report it as "Other Income".
The amount will be reported on line 8 of Schedule 1 (Form 1040).
You could also report is as Self-Employment Income on Schedule C.
Thank you!
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