mayhewfinancial
Level 1
04-06-2022
02:51 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Good afternoon,
My client is a former olympic athlete. For tax year 2021 they are no longer actively competing in (or earning money from) their sport, but the US Olympic committee paid for their health insurance and reported the amount to them on Form 1099-MISC.
My question is, do I just report this amount as self employment income on Schedule C even though they are no longer actively self employed?
Thanks!
Labels
This discussion has been locked. No new contributions can be made. You may start a new discussion here
1 Comment 1
George4Tacks
Level 15
04-06-2022
03:09 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I would show as other income. SE should be on 1099-NEC
Answers are easy. Questions are hard!