Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 6, 2019 8:41:30 AM

Should my former employer report a lump sum severance payment on my regular W2 or on a 1099?

0 1 2116
1 Replies
New Member
Jun 6, 2019 8:41:31 AM

A lump sum severance payment should be reported to you on your regular W-2.

That doesn't alway mean the employer will do it correctly. See the following post for instructions on what to do if you get a 1099-MISC for severance pay. Make sure to select "See entire answer".

https://ttlc.intuit.com/replies/5187008