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Patent payment received from employer.

hmosbergea
Level 3

Is 1099-MISC box 3 other income received from employer for a patent payment considered social security wages or medicare wages subject to additional taxes?

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Terry53029
Level 14
Level 14

As box 3 says, it is other income. If your client is not in the business of selling Patents, not subject to employment taxes

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Terry53029
Level 14
Level 14

As box 3 says, it is other income. If your client is not in the business of selling Patents, not subject to employment taxes