This is taxable income but it is not self-employment income to be reported on Schedule C Profit or Loss from Business.
Report the income as Other Income on Schedule 1 line 8z and line 8 on IRS Form 1040. Follow these steps:
- Select Federal from the left side menu.
- Click on Wages & Income.
- Scroll down to Less Common Income. Click Show more.
- Click Start / Revisit to the right of Miscellaneous income….
- Click Start / Revisit to the right of Other reportable income.
- At the screen Other Taxable Income enter ‘sales incentive payment’.
View the entries at Tax Tools / Print Center / Print, save or preview this year's return / Include government and TurboTax worksheets.
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