1099-MISC Income - Accident & Sickness Insurance Payment
I have received a 1099-MISC form for $20,000 Box 3-Other Income from an employer offered critical illness policy, which I paid the premiums through payroll deductions, for an approved claim for a covered illness. I am under the impression that this payment on an approved claim is not taxable by the Federal IRS. I have entered the 1099-MISC form for $20,000 Box 3-Other Income in Turbo Tax desktop software in the Wages & Income section but errors come up under the Federal Review on Turbo Tax. The Federal Review on Turbo Tax asks me to populate more information on a form but none of the issues makes sense. Did I enter the 1099-MISC form for $20,000 Box 3-Other Income in the correct area under the Wages & Income section?