Honoraria

Forum|Forum|2 years ago
February 28, 2024
2 replies
6 views

Hi I previously asked a question about money received for taking surveys. The response I was given said to report that income as self employment income but I’m wondering if I could report it as other income? (I believe I would get a 1099-MISC anyways and report it as other income if I had received 600 or more from any organization.) I don’t plan to claim any business deductions

Ask the Experts - SelfEmployed - Feb 2024

Bsch4477

Level 15

Report as other or miscellaneous income.

Bsch4477

Level 15

You will make a judgement call. See this IRS article for guidance.

https://www.irs.gov/faqs/small-business-self-employed-other-business/income-expenses/income-expenses

DaveF1006

Level 15

No. Since this is compensation for performing a service, this should be reported as Self-Employment Income. You should receive a 1099 NEC for this type of activity but you may possibly receive a 1099 MISC.

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