thanks for taking time out of your busy season and responding.

what is the "short 3 line form" you refer to rather than the regular schedule c?

I was hoping to avoid schedule c all-together since i am otherwise just an ful-time employee - after all why should i be paying "extra" self employment taxes just because the employer decided to change defered compensation plans and also decided that they could't roll the allocations over into the "new" 401k (ie non-qualified - they never really even opened up an account for me with the old plan - just held onto the cash to avoid fees).

why they reported it on line 7 of a 1099-misc is not so clear to me.

couln't i just report it as other income and label it "1099"? It really isnt "self empolyed" income per se?

Zip Code: 11023

Check out the Schedule C-EZ available at:

http://www.irs.gov/pub/irs-pdf/f1040sce.pdf.

As long as your total Schedule C expenses are less than $5k, you can usually complete this short form.

Zip Code: 01801