Skip to main content
February 8, 2025
Question

I received liquidated damages and backpay from my previous employer. The 1099-NEC that I received lists only the damages but not the backpay.

  • February 8, 2025
  • 1 reply
  • 0 views
Box one has the damages - which I don't pay taxes on so it shows no federal withholding (box). But I did pay state and federal on the backpay. And neither the backpay or taxes paid show up on the 1099 so I don't know where to enter that

    1 reply

    KrisD15
    February 8, 2025

    To clarify, are you sure it's on Form 1099-NEC and not 1099-MISC.

    Are you self-employed or a contractor?

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    February 8, 2025

    Yes its a 1099-NEC. It wasn't a lawsuit which is what entered in turbotax since it seemed most applicable; it was a settlement mandated by the department of labor

    February 8, 2025

    I'm not self-employed or a contractor