Tx got a statement from his medical insurance company for a benefit paid out.The insurance company labeled it as "Federal Excludable Wages".

Forum|Forum|4 years ago
May 17, 2022
4 replies
25 views

Where do I enter the amount?
Schedule 1, line 24z "Other adjustments"?
Thanks, Christopher

ProSeries Professional

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

What kind of statement? If its not taxable on the federal, can you just not enter it there and include in on the state return only?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

C

chapguy19Author

Level 5

I live in WA so there is no state return.

However, the client did receive a 1099-MISC from the same insurance company for $1500.

Box 3, Other Income.

What do I do with this?

Thanks, C

George4Tacks

Level 15

I don't know if this applies, but here goes:

Difficulty-of-care payments. Do not use Form 1099-MISC to report difficulty-of-care payments that are excludable from the recipient's gross income. Difficulty-of-care payments to foster care providers are not reportable if paid for fewer than 11 children under age 19 and fewer than six individuals age 19 or older. Amounts paid for more than 10 children or more than five other individuals are reportable on Form 1099-MISC.

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