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YouTube income ("hobby" income or "self-employment" income?)
Hello. I publish YouTube videos as a hobby. I expect to receive around $700 in "earnings" from Google. How do I report this income for 2023?
Is it "hobby" income (no deductions for expenses and no "self-employment" tax required) or is it "self-employment" income (Schedule C required plus the dreaded "Self-Employment" tax)?
I get a 1099-MISC from Google.
Thank you.
‎June 28, 2023
12:00 PM