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Get your taxes done using TurboTax
For the Robinhood payment, you can select
"This was a manufacturer's incentive payment" on the "Does one of these uncommon situations apply?" screen
That will make the income "Other Income" not subject to Self-Employment tax.
For the stock, that does sound like Self-Employment income and you may need to report it as such.
If this was a one-time payment, and since the payment was reported on Form 1099-MISC (rather than Form 1099-NEC) you might get away with also reporting it as an incentive payment. It would depend on how much time you spend making referrals and how much you gain for doing that. If it looks like a business, the IRS will expect Schedule C.
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‎April 9, 2025
5:53 AM