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Get your taxes done using TurboTax
You need to report the 1099-NEC as self-employment income. It was an award for performance, which is compensation. It wasn't a random prize; it was income in the form of a trip. If it wasn't earned income, it would have been reported on a Form 1099-MISC. For information on how to report, see: How to File Taxes with IRS Form 1099-NEC
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‎February 13, 2025
9:25 AM