Question
How to report health insurance premiums paid by a third party and reported to client on 1099-MISC
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!
