I received a 1099-Misc for other income (box 3) for my 3 children who participated in a Covid-19 vaccine trial over the last year 2 years. The first year the income didn't hit $600 per child and I didn't report it because it is THEIRS. We haven't taken it off the Visas it's being loaded onto after each study visit, and will deposit it all in a bank account for each child when they're done later this year (except $50 each spending money for a vacation we took).
So, now I have the 1099-Misc, which means I have to report it as my own income, but that also raises the question of whether I should be doing a correction for last year and I'm really confused because they were compensated more in 2021 than 2022, so I'm not clear why I only received a 1099 this year or why it's a single lump for all 3.
Regardless, we are already using the Self-Employment online to file, I didn't track expenses associated with our trips up to the study site, though it's 77 miles round trip and we went a couple times this year, quite a few last year. Ugh!
