Level 15
02-21-2025
02:12 PM
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Maybe your client got a incentive payment for something. Should call broker to see exactly what it was for. If it was from his pension they should correct their mistake. If they refuse to send a 1099R and a corrected 1099MISC for zero. If they do not send a 1099R and it is correct list it as other income not subject to SE tax.