I entered a traveling scholarship contest and won some prize money. They sent me a 1099-NEC form. When the software asks me "What type of income is on your 1099-NEC?", it gives me the following options:
- Self employment income
- Farm income
- Hobby
- Lawsuit settlement
- Medicaid waiver payments that qualify as difficulty of care
- Income that should've been reported on a W-2
There are no other options. What would be best to choose in this situation given that it is prize money that was given?
