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I receive a death benefit from my deceased spouse's employer on 1099 Misc. Where do I enter that in TT so that it is not considered SE income?

Forum|Forum|7 years ago
June 3, 2019
2 replies
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If I enter under 1099 misc, TT thinks it is self employment income

TurboTax Deluxe Online

Best answer by MichaelL1

Enter this as Misc income.

Click on “Take me to my return” button.

Click on Federal tab (left-hand side of screen).

Click in Wages and Income (near top of screen)

Scroll down to Less Common Income.

Click on Start next to Miscellaneous Income.

Click on Other reportable income.

Follow the questions and say 1099Misc Death benefit and the amount.

Sorry for your loss.

MichaelL1Answer

Employee

Enter this as Misc income.

Click on “Take me to my return” button.

Click on Federal tab (left-hand side of screen).

Click in Wages and Income (near top of screen)

Scroll down to Less Common Income.

Click on Start next to Miscellaneous Income.

Click on Other reportable income.

Follow the questions and say 1099Misc Death benefit and the amount.

Sorry for your loss.

W

widowkoehler

if TD trade transfered to me after husbands death do i count that as misc income non-taxable income if it just changed to my name but contiues to function the same in the market?

G

gloriah5200

If TDAmeritrade transferred your husband's brokerage account to you due to his will, then there should be no tax reporting document issued just for the transfer of the name of the account. Any transactions that occur to the account once you own it will be reported on your ssn and name.

If you cash it out, then you will get a 1099-B tax reporting document to report on your income tax return.