@TLmusicman42 wrote:
Yes, it is other income. It is subject to Federal taxes, FICA and medicare taxes. You also have to pay the business share of the taxes also. So instead of paying 7.65% you have to pay 15.3% although you do get a small deduction for part of it.
No, it is not self-employment and not subject to 15% SE tax. See my other answer.
