Hello. I participated in a medical research study and received a 1099-MISC Box 3. It is over $1k. I have never participated in a study before and do not do this for regular income. I answered the questions accordingly. The amount I received is appearing on 1040 Schedule 1, Line 8z. and impacted my taxes at my ordinary tax rate. Is that correct? For some reason I was thinking it would be taxed at 15%.
(As a side note, at the end of entering this, it said something like--good news, we can look at business deductions later).
